BitMEX founder Arthur Hayes reiterated his bold Bitcoin (BTC) price prediction of $1 million by 2028 during his keynote speech at Token2049 in Dubai, urging investors to “hold on long” amid growing global economic uncertainty.
Arthur Hayes Reiterates $1 Million Bitcoin Prediction by 2028: “It’s Time to Stretch Everything Out”
In a characteristically bullish speech, Hayes argued that both crypto and stocks are set to benefit from what he sees as inevitable quantitative easing in the US.
Hayes, who argued that inflationary pressures and policy responses would increase asset prices, especially Bitcoin, said, “It’s time to hold everything long.”
Hayes reiterated his long-standing thesis that the U.S. will have to adopt looser monetary policies, including a new round of quantitative easing or similar liquidity injections, to maintain economic stability.
“This will push crypto prices higher,” he said, drawing parallels with late 2022, when concerns about rate hikes and a worsening macroeconomic outlook were ultimately met with a massive $2.5 trillion U.S. intervention via the repo market.
He also highlighted how current market anxiety mirrors past cycles. In 2022, the crypto sector was still reeling from the collapse of firms like FTX, while broader markets were preparing for Fed tightening. Still, liquidity poured in. “History is a rhyme,” Hayes said.
In the current cycle, Hayes pointed to President Donald Trump’s aggressive tariff strategy as the latest destabilizing force.
While markets initially reacted to higher tariffs on U.S. trading partners, a temporary 90-day pause provided some relief, Hayes believes the effects of the policy could pave the way for further liquidity injections.
*This is not investment advice.
