- Arthur Hayes has predicted Bitcoin price will reach $1 million in 2028.
- Hayes shared the bold forecast during a keynote speech at Token2049 in Dubai.
- Bitcoin price reached an all-time high of $109k.
Arthur Hayes, the former CEO of BitMEX, has again offered a massive prediction for Bitcoin (BTC), stating during a keynote speech at Token2049 in Dubai that the benchmark cryptocurrency could skyrocket to $1 million by 2028.
The Maelstrom CIO, known for his sharp market insights, told investors that this could be the time to “go long on everything.”
Hayes’ bullish prediction for BTC comes as the top coin’s price hovers near $95k, with buyers eyeing a march to $100k and potentially a new all-time high.
Notably, Bitcoin’s price has swung wildly in recent months amid tariffs uncertainty and broader risk-off sentiment.
What! Bitcoin to $1 million?
Bitcoin reached highs of $109k and analysts predict a run to $150k-$250k by end of 2025.
Above this, bulls, including Michael Saylor, see Bitcoin price going vertical to $1 million and beyond.
In his speech, which largely mirrored his perspectives on expected macroeconomic shifts, Hayes looked at the current global markets and US. fiscal policies.
According to him, the market is set for a flood of liquidity, and with it, Bitcoin’s parabolic surge to new heights.
Hayes grounds his analysis on the monetary policy, with comparisons to the outlook in the third quarter of 2022.
While the implosion of crypto exchange FTX later accelerated the bear market, investor sentiment was largely on the floor amid rate hike fears.
The US government’s pumping of $2.5 trillion into the system via its repo program in that year is a blueprint for what’s likely to come.
The BitMEX co-founder recently highlighted the US Treasury’s Quarterly Refunding Announcement for further context.
Higher borrowing estimates and a lower Treasury General Account (TGA) target, are factors that signal a potential short term flip for Bitcoin.
US Treasury Quarterly Refunding Acc. drops 28th & 30th, what are we looking for:
– Est. of next quarter’s borrowing, an increase over prior est. is $ liq +ve
– Target TGA balance, the lower the target the better for $ liq
– Any comments on bond market due to tariffs— Arthur Hayes (@CryptoHayes) April 26, 2025
While tariffs could pose volatility risks, Hayes massive buying of Treasuries is what could boost liquidity indirectly, paving the way for Bitcoin’s ascent to $1 million by 2028.
Recently, Cathie Wood’s Ark Invest shared a $1 million price target for BTC by 2030.
Meanwhile, analysts at CryptoQuant are pointing to Bitcoin hitting new all-time highs in terms of realized capitalization.
Per the analysts, this metric hitting new ATHs has often preceded massive price gains for BTC.
New All-Time Highs in Bitcoin’s Realized Capitalization
“Historically, large accumulations of Realized Capitalization have been mostly followed by considerable price increases in Bitcoin.” – By @oro_crypto pic.twitter.com/h1sVVasdwU
— CryptoQuant.com (@cryptoquant_com) April 30, 2025
On-chain data shows whales have been aggressive in the past fortnight.
Per crypto analyst Ali Martinez, whales bullish on BTC have accumulated more than 43,100 BTC in the past two weeks. The total value of the accumulated assets stood at nearly $4 billion.
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