Bitcoin to Hit $1M by 2028? Arthur Hayes Thinks So

Arthur Hayes, co-founder of BitMEX, has sparked a fresh wave of excitement in the crypto world with a bold forecast: Bitcoin could soar to $1 million by 2028. Speaking at the TOKEN2049 conference in Dubai, Hayes linked his projection to the potential return of aggressive monetary easing by the U.S.—suggesting that a flood of dollar liquidity could supercharge demand for digital assets like BTC.

His theory rests on a familiar dynamic—more dollars chasing fewer assets tends to drive up prices. If the U.S. Federal Reserve resumes large-scale money-printing to support the economy, Hayes believes Bitcoin could be one of the biggest beneficiaries.

He also pointed to ongoing global economic uncertainty, particularly around U.S. trade policy and delayed tariffs, as a potential catalyst for volatility and opportunity in the crypto space.

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At present, Bitcoin is holding near the $94K–$95K range after recovering from early-year turbulence. While not all analysts share Hayes’ ultra-bullish vision, market indicators suggest investors are optimistic. Data from Coinglass shows open interest in Bitcoin futures remains above $60 billion, signaling strong appetite from traders.

Other forecasts are more conservative, with some projecting a peak around $148K by 2028. Yet Hayes’ $1 million prediction stands out, especially as the next Bitcoin halving—an event historically linked to price surges—is also due in 2028.

Whether or not Bitcoin reaches those heights, sentiment around its long-term trajectory remains positive, fueled by macroeconomic trends and institutional interest. Hayes’ forecast may be ambitious, but it underscores growing belief in Bitcoin’s potential to outperform in the years ahead.

Alexander Stefanov