Arthur Hayes Predicts Crypto Bull Run Extends Through 2028—Here’s Why

Crypto markets aren't just bouncing back—they're rewriting the rulebook on bull cycles. Former BitMEX CEO Arthur Hayes projects the current rally has legs through 2028, defying traditional market timetables and leaving skeptics scrambling.

The Macro Machine Grinds On

Hayes points to sustained institutional adoption and evolving regulatory frameworks as primary catalysts. Massive capital inflows from traditional finance giants—once content to watch from the sidelines—now fuel extended upward momentum. Unlike 2017's retail frenzy or 2021's NFT mania, this cycle builds on infrastructure development and real-world asset tokenization.

Volatility as a Feature, Not a Bug

Crypto's notorious price swings? Hayes frames them as the market's natural acceleration mechanism. Sharp corrections shake out weak hands while creating entry points for strategic capital. This Darwinian process—brutal but efficient—strengthens the overall ecosystem through each cycle.

The 2028 Horizon

Four more years of growth would mark crypto's longest bull run yet. Hayes argues technological maturation—particularly in scaling solutions and privacy protocols—will sustain momentum where previous cycles faltered. The prediction implies several more halving events and protocol upgrades will compound gains.

Traditional finance pundits still dismiss crypto as speculative gambling—right up until their pension funds start allocating to it. Hayes' timeline suggests even the slowest institutions might finally catch on before the music stops. Maybe.