Arthur Hayes, co-founder of BitMEX, predicts Bitcoin will reach $250,000 by the end of the year and touch $1 million by 2028, with the altcoin season yet to explode.
Arthur Hayes, co-founder of BitMEX and currently investment director at Maelstrom, made bold Bitcoin price predictions in an interview with Fortune at the Token2049 event in Dubai. Despite past legal controversies, Hayes has re-emerged as one of the most influential voices in digital assets, placing big bets on Bitcoin reaching historic price peaks in the next four years.
With his characteristic direct speaking style, Hayes said Bitcoin could approach $200,000 in the upcoming price surge, before the altcoin season starts. He forecasts Bitcoin's year-end price target to be around $250,000, reasoning that BTCD will continue to increase in the coming period.
Hayes believes the current macroeconomic environment, especially the increasingly expanding fiscal deficit in the US and hidden liquidation measures through the US Treasury, are creating strong momentum for Bitcoin's price. These financial conditions are assessed by him as the foundation for significant growth in the crypto market, with Bitcoin leading the trend.
Long-term Vision: Bitcoin Reaches $1 Million
Looking further ahead, Hayes offers a surprising long-term perspective, predicting Bitcoin will reach around $1 million by the end of President Trump's term, which is the end of 2028. This forecast is made in a context where he assesses US government spending as unsustainable and the currency devaluation process increasingly severe.
According to Hayes, these factors will reinforce Bitcoin's role as a global safe-haven asset, especially in a context where US Treasury bonds might collapse and a wave of exodus from traditional financial markets occurs. Although predicting strong altcoin activity in later stages of the cycle, Hayes emphasizes that Bitcoin will remain central to Maelstrom's strategy and his personal investment direction.
