Arthur Hayes, former BitMEX co‑founder, tells investors to stop watching the Federal Reserve. In a recent interview, Hayes argued that the real action is at the U.S. Treasury under Secretary Scott Bessent.
He said that Treasury buybacks and auction tactics are quietly flooding markets with dollars. That growing supply, he believes, will push Bitcoin far higher.
Bitcoin to Hit $1 Million by 2028?
Hayes sees a future where Bitcoin soaks up the excess cash supply. He predicts the cryptocurrency will reach $1 million per coin by 2028.
His thesis rests on one simple point, and that is that what matters is whether there are more dollars in the system today than yesterday. With U.S. spending rising and debt levels ballooning, Hayes says those extra dollars will find their way into Bitcoin.
Geopolitics as a Catalyst
Monetary moves are not Hayes’s only driver. He also points to trade diplomacy between the U.S. and China. Both nations will likely sign a deal that looks tough but changes little in practice.
Hayes said leaders on both sides need a public display of strength, one to show firmness on China, the other to signal resistance to Western pressure.
Despite any posturing, China must keep buying U.S. assets to manage its reserves. That steady demand for dollars, Hayes argues, further boosts global liquidity.
Portfolio Aligned with His View
True to his beliefs, Hayes holds most of his wealth in Bitcoin and ether. He allocates 60% to 65% in Bitcoin, 20% in Ether, and the rest in “quality” altcoins. He said seasoned investors now look for projects with real utility.
That shift reflects his wider point: as more dollars chase digital assets, those with strong fundamentals will stand out and capture market share.
Near‑Term Outlook and Market Signals
At the Token2049 conference in Dubai, Hayes also forecast a jump to $150,000 for Bitcoin this year. He said this rally would mirror the surge in risk assets seen from late 2022 through early 2025. Ongoing inflation, he added, should help fuel gains in Bitcoin and other digital tokens.
Currently, Bitcoin trades near $99,500 with a 2.6% rise in the past 24 hours. The total crypto market cap is about $1.97 trillion, and trading volume is up 66%.
Complementary Views from Other Bitcoin Bulls
Max Keiser, Bitcoin advisor to El Salvador’s president, recently made an even more daring call. He likened current price dynamics to a pneumatic tube and said the gap between $98,000 and $500,000 is “gaining suction” to lift Bitcoin “in a jiffy.”
Together, these bullish forecasts underscore growing confidence among crypto veterans that new money flows and market momentum will drive rapid price gains.
As debates swirl over interest rates and debt ceilings, Hayes insists that investors should track Treasury moves, not Fed statements.
He argues that unending dollar creation and subtle auction strategies will determine Bitcoin’s fate. If he is right, the coming years could bring unprecedented gains, with the cryptocurrency cementing its role as a key store of value in an age of rising liquidity.
Also Read: BitMEX Co-Founder Arthur Hayes Says Trump’s Tariffs May Fuel Bitcoin Rally