- Arthur Hayes targets $1M Bitcoin by 2028, seeing U.S. liquidity policy as the primary catalyst.
- Hayes explains U.S. liquidity boosts, like 2022’s QE, will likely fuel Bitcoin’s path to $1M.
- Ark Invest, Jack Dorsey among experts joining Hayes’ call for $1M+ Bitcoin this decade.
BitMEX co-founder Arthur Hayes told TOKEN2049 attendees in Dubai that Bitcoin could reach $1 million by 2028. He cited rising U.S. deficits and the likelihood of renewed money printing as major catalysts. Hayes also expressed optimism for a wider market rally across crypto and equities.
During his keynote at TOKEN2049, Hayes said, “It’s time to go long everything,” referencing cryptocurrencies and stocks. He argued that the U.S. government will be forced to inject more liquidity into the financial system through mechanisms similar to quantitative easing.
Hayes Says Liquidity Will Drive Bitcoin to $1 Million
Hayes likened the current macro setup to late 2022 — a period dominated by high interest rates and uncertainty after the FTX collapse, yet followed by a swift asset recovery once the U.S. activated its $2.5 trillion repo program.
Related: Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance
Now, with markets rattled by Donald Trump’s proposed trade tariffs (currently on hold for 90 days), Hayes sees familiar ingredients forming. He believes institutional players will step in to buy U.S. debt, and that liquidity will find its way back into risk assets like Bitcoin.
Hayes noted that Federal Reserve Chair Jerome Powell may be reluctant to support market stability under Trump’s influence. However, he suggested relative value hedge funds could increase their purchases of U.S. debt, thereby boosting market liquidity. This liquidity, Hayes argued, would then flow into risk assets such as Bitcoin.
Treasury Action and Bitcoin Performance
“The Treasury ‘prints’ money to fund the U.S. government,” Hayes said, forecasting that Bitcoin could repeat or exceed its recent performance. Bitcoin has already increased nearly sixfold from 2022 to 2025. Hayes believes comparable conditions could drive its price toward $1 million by 2028.
Related: ‘Fed on the Clock’: Hayes Links Bond Market Stress to Coming Bitcoin Gains
As of this press time, Bitcoin is trading at $94,703, showing resilience after earlier volatility in 2025. Bitcoin has now seen a 15% rise in the past month.
Hayes’ projection, while ambitious, echoes broader expectations that increased dollar liquidity could fuel risk-on sentiment in both crypto and equities.
Presto’s Head of Research, Peter Chung, reiterated his year-end Bitcoin forecast of $210,000 on CNBC. Chung said institutional demand and rising global liquidity as key drivers, representing over 120% potential upside from current prices. He described Bitcoin as a “risk-on asset” that benefits from network effects, similar to tech firms.
Other Experts Calling for $1M Bitcoin This Decade
Meanwhile, among the biggest BTC predictions in recent times is the projections by asset manager Ark Invest. The firm released an updated forecast projecting that Bitcoin could reach a minimum of $300,000 to $500,000 per coin within five years. The outlook, part of its latest Big Ideas 2025 report, paints a scenario where BTC hits $2.4 million by 2030.
Related: Will Bitcoin Hit $1 Million By 2030? Insights from Jack Dorsey
Likewise, author Robert Kiyosaki predicted Bitcoin could hit $500,000 by next year and reach $1 million by the end of the decade. Former Twitter CEO Jack Dorsey echoed the optimism, stating in an interview that Bitcoin could exceed $1 million by 2030. He credited the community’s strength and collaboration as key drivers of its future success.
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