At the Token2049 conference in Dubai, Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, made headlines with a bold market forecast, stating that Bitcoin is poised to reach $1 million by the year 2028.
In a passionate and high-conviction speech, Hayes emphasized that the macroeconomic environment, particularly in the United States, is setting the stage for a major crypto bull run.
His key message to investors: “It’s time to go long everything”, a clear signal that he believes risk assets, including cryptocurrencies, are entering a strong upward cycle fueled by coming policy shifts and global financial dynamics.
U.S. Liquidity Measures Seen as Catalyst for Crypto Boom
Hayes argues that the primary driver behind his bullish stance is the anticipated increase in U.S. dollar liquidity, a scenario he likens to previous rounds of quantitative easing.
He pointed to historical precedent, specifically the third quarter of 2022, when the Federal Reserve’s interest rate hikes and the FTX collapse shook the markets.
In response to that financial turmoil, the U.S. injected $2.5 trillion into the economy via a massive repurchase program.
Hayes expects a similar approach in the near future, suggesting that such monetary actions will flood markets with capital and fuel demand for assets like Bitcoin and other cryptocurrencies.
Also Read: BitMEX Co-Founder Arthur Hayes Says Trump’s Tariffs May Fuel Bitcoin Rally
Current Market Turbulence Could Lead to Policy Shifts
Hayes also addressed ongoing geopolitical and economic uncertainty, citing former President Donald Trump’s aggressive push for higher tariffs as a destabilizing factor.
While those tariffs have been temporarily suspended for 90 days, Hayes believes that this window creates market anxiety, and that Federal Reserve Chair Jerome Powell may be hesitant to act preemptively.
In this environment, he predicts that relative value hedge funds, key players in the financial ecosystem, will step in by buying back U.S. Treasury bonds.
The move could serve as a backdoor liquidity injection, helping to prop up the broader market and give cryptocurrencies further room to grow.
Investors Encouraged to Prepare for Accelerated Crypto Growth
Summarizing his views, Hayes envisions a near future where monetary easing, geopolitical risk, and hedge fund strategies align to create a perfect storm for digital assets.
His recommendation to “go long everything” reflects an expectation of rising asset values across the board, but particularly in crypto.
By setting a $1 million price target for Bitcoin within four years, Hayes has re-energized bullish sentiment in the space and offered a strategic perspective that blends macroeconomics with crypto-specific trends.
If his predictions come to pass, early positioning in the market could yield exponential returns for forward-looking investors.
Bitcoin Price Inches Up as Market Digests Hayes’ Forecast
While Hayes’ long-term outlook is bold, current market movements remain relatively modest.
As of today, Bitcoin is trading at $94,943.06, showing a slight 0.03% increase in the past 24 hours and a 0.69% gain over the last week.
With a circulating supply of 20 million BTC, its total market capitalization stands at an impressive $1.88 trillion.
Though the market has yet to respond dramatically to Hayes’ remarks, his forecast adds fuel to the ongoing conversation about crypto’s role in the next financial cycle.
For those heeding his call, the current price levels may represent a strategic entry point before the potential bull run fully materializes.