BitMEX co-founder Arthur Hayes believes Bitcoin could hit the $1 million mark within the next three years—and it all comes down to economic policy and political cycles.
Speaking at the TOKEN2049 conference in Dubai, Hayes argued that a potential second Trump presidency would bring a wave of aggressive money printing, especially around the 2026 midterm elections.
According to Hayes, this anticipated liquidity injection would aim to stimulate the economy and boost political favor, much like previous cycles that saw loose monetary policy correlate with Bitcoin rallies.
He also pointed to escalating tensions between the U.S. and China as a possible trigger for more Federal Reserve intervention.
Should trade negotiations break down, Hayes expects policymakers to respond with stimulus-driven strategies designed to project economic strength—a move he believes would further fuel Bitcoin’s ascent.
“This time,” he noted, “Bitcoin isn’t just reacting to markets—it’s positioned to thrive on the structural shift in global power and monetary expansion.”
In his view, the mix of geopolitical friction and inflationary policy could send Bitcoin to levels well beyond anything seen in previous cycles.
Michael Saylor, co-founder of the company now called Strategy and one of Bitcoin’s most vocal champions, says the next great migration of wealth will happen on the Bitcoin network.
Bitcoin’s roller-coaster days may be fading, and that shift could push the world’s largest digital asset into more professional portfolios, according to Coatue Management founder Philippe Laffont.
Truth Social, Donald Trump’s social-media platform, has quietly lodged paperwork for a fund that would hold both Bitcoin and Ethereum—marking the first time a Trump-linked business has ventured into the U.S. crypto-ETF arena.
Michael Saylor’s Strategy has just added 10,100 BTC—worth about $1.05 billion—to its balance sheet, lifting the company’s total stash to roughly 592,100 coins.