Arthur Hayes predicts Bitcoin will hit $1 million by 2028 at token2049

New wave of liquidity from the US

According to Hayes, the US economy will soon see a massive liquidity injection, similar to the period in 2022 when the Federal Reserve injected $2.5 trillion through repo programs to stabilize the market. He argues that, despite current uncertainties – including inflation, geopolitical volatility, and President Donald Trump’s tax policies – the Fed will be forced to ease monetary policy to support the economy. This injection of money, according to Hayes, will create an ideal environment for risk assets such as Bitcoin and stocks.

A key element of Hayes’ argument is the role of hedge funds. He predicts that these funds will increase their purchases of US government debt, thereby indirectly increasing the flow of money into financial markets. When liquidity is abundant, investors will look for higher returns, and Bitcoin – with its scarcity and growth potential – will become an attractive destination.

Why Bitcoin can reach 1 million USD?

Hayes’ prediction is based not only on liquidity but also on the belief that Bitcoin will continue to strengthen its position as a “safe haven asset” amid the instability of the traditional financial system. With a fixed supply of 21 million coins, Bitcoin has the potential to benefit greatly from fiat inflation. As the US dollar depreciates due to money printing, the nominal value of Bitcoin could skyrocket.

Hayes also highlighted the growing acceptance of Bitcoin from financial institutions and governments. Bitcoin ETFs have attracted billions of dollars from institutional investors, while some countries are considering storing Bitcoin as part of their national reserves. These factors could create a prolonged bull run that will take Bitcoin to unimaginable levels.

Investment strategy: “Long” both crypto and stocks

Unlike his previous predictions, Hayes is not focusing solely on cryptocurrencies. He recommends investors to “long” both crypto and stocks, especially in a market that is supported by abundant liquidity. According to him, expansionary fiscal and monetary policies will create a “risk-on” environment where high-risk assets such as tech stocks and cryptocurrencies can rise in price simultaneously.

However, this strategy is not without risks. Trump's tariffs could disrupt global supply chains, putting pressure on the stock market. At the same time, the cryptocurrency market is notoriously volatile, and a major correction could occur before Bitcoin reaches the price Hayes predicts.

Hayes Prediction Rating

Hayes’ prediction of Bitcoin reaching $1 million by 2028 is an optimistic scenario, but not entirely unrealistic. Factors such as global liquidity, fiat inflation, and Bitcoin adoption could all play a role in shaping the currency’s value. However, the road to $1 million will not be smooth. Risks such as sudden changes in monetary policy, regulatory crackdowns on cryptocurrencies, or a global economic crisis could all derail Hayes’ prediction.

Still, Hayes’s view reflects a reality: Bitcoin and cryptocurrencies are no longer just a passing phenomenon. They are becoming an integral part of the global financial system. Given the ongoing economic turmoil, betting on Bitcoin — at any rate — may be a worthwhile strategy for long-term investors.