Bitcoin to Hit $1M by 2028? Arthur Hayes Doubles Down on Crypto Supercycle

Former BitMEX CEO Arthur Hayes—never one for modest price targets—just dropped another bombshell prediction: Bitcoin soaring to $1 million within four years. The crypto bull cites macro chaos, institutional FOMO, and ’the inevitable collapse of fiat clown money’ as key drivers.

Hayes, whose past calls include Bitcoin’s 2021 bull run, argues that central bank money-printing will force a hard pivot to hard assets. ’When the Fed flips the switch to QE infinity, BTC becomes the only exit ramp,’ he tweeted—between sips of espresso at some undisclosed tropical crypto hub.

Skeptics point out that even a $1 million Bitcoin would require a $20 trillion market cap. Then again, this is the same industry that turned dog memes into a $40 billion asset class. Wall Street analysts are already scrambling to update their ’outrageous crypto price prediction’ bingo cards.

$94,661 could reach $1 million by 2028, urging investors to “take long positions in everything.”

ContentsExpectations of Monetary Expansion“Time to Take ‘Long’ Positions in Bitcoin”

Expectations of Monetary Expansion

According to Hayes, the U.S. economy is poised for a phase resembling money printing once more. He highlighted that even during periods when interest rate hikes pressured the market, the U.S. injected $2.5 trillion in liquidity through its repo program. Hayes argues that a similar cycle is about to restart.

Illustrating with the third quarter of 2022, Hayes recalled the significant fears in both traditional and cryptocurrency markets. Despite major collapses like FTX’s bankruptcy, the U.S. Federal Reserve supported the market indirectly, providing much-needed relief.

Recently, markets were shaken by U.S. President Donald Trump’s introduction of high tariffs on foreign trade partners. The suspension of tariffs for 90 days provided temporary relief. However, Hayes believes the tension in the market is not fully resolved.

“Time to Take ‘Long’ Positions in Bitcoin”

Hayes noted that Fed Chair Jerome Powell is unlikely to directly intervene to save markets, as he is not close to Trump. Nonetheless, he anticipates other players will step in. In particular, hedge funds operating on “relative value” may purchase U.S. Treasury bonds, injecting liquidity into the system.

The increase in liquidity, according to Hayes, will directly influence Bitcoin’s price. As investors seek SAFE havens, the trend toward cryptocurrencies could intensify, paving a strong upward momentum for Bitcoin.

Hayes believes Bitcoin’s price could potentially hit $1 million by 2028 due to inevitable new waves of liquidity created by current policies. He emphasized that the time has come not for risk aversion but rather to “hold onto what you have.”

Throughout the event, Hayes frequently used the phrase “long everything,” implying this strategy not only for cryptocurrencies but also for stocks. He foresees upward movement across all asset classes.

Hayes advised investors at the event, “Instead of succumbing to fear, see the present environment as an opportunity. Like in the past, liquidity could once again lift everything upward.”

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