Arthur Hayes, the former CEO of BitMEX, predicts that Bitcoin could soar to $1 million within three years, driven by global macroeconomic trends. In his latest blog post, published on May 15, Hayes reaffirmed his optimistic forecast, emphasizing the potential for Bitcoin to capitalize on these international macro tailwinds.
Hayes: $1 million Bitcoin due “between now and 2028”
Bitcoin is supported by two significant tailwinds that could drive it to seven figures in the coming years. According to Hayes, changing capital controls globally and the devaluation of the US Treasury will lead to Bitcoin becoming the preferred safety net for investors worldwide.
He summarized:
“Foreign capital repatriation and the devaluation of the gargantuan stock of US Treasurys will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028.”
TLT US exchange-traded fund indexed in gold, Bitcoin (screenshot). Source: Arthur Hayes/Substack
Although that date might seem arbitrary and requires a 900% increase in Bitcoin’s price, Hayes contended that the financial landscape could shift dramatically based on the next US administration.
“I mention 2028 because it coincides with the next US presidential election, and it’s uncertain what kind of politician will emerge and what policies they might implement,” he stated. While Donald Trump’s presidency has seen several pro-crypto initiatives, this could change with a shift in government. In Europe, there is a growing trend towards controlling and even suppressing cryptocurrency use among the general public, indicating an increasing divergence in attitudes.
“Not even China has banned the private ownership of Bitcoin because it knows it’s counterproductive and impossible,” Hayes wrote.
“For you Euro-poor-peans, whose governments practice a less effective form of communism than China, don’t expect the European Central Bank (ECB) to learn this lesson without trying. Therefore, get your money out now!”
Betting on a seven-figure breakout
As Cointelegraph reported, Hayes has not been shy about predicting both short-term and longer-term BTC price expansion in the years to come.
“I mention 2028 because it coincides with the next US presidential election, and it’s uncertain what kind of politician will emerge and what policies they might implement,” he stated. While Donald Trump’s presidency has seen several pro-crypto initiatives, this could change with a shift in government. In Europe, there is a growing trend towards controlling and even suppressing cryptocurrency use among the general public, indicating an increasing divergence in attitudes.
“My forecast for 2045 is 13 million a Bitcoin,” he added.
Source: Cointelegraph Edited By: Bernie
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