Key Takeaways
- Arthur Hayes predicts Bitcoin will hit $1 million by 2028.
- He cites U.S. Treasury devaluation and capital repatriation as key drivers.
- Hayes urges Europeans to move funds amid tightening capital controls.
Former BitMEX CEO Arthur Hayes has reiterated his bold forecast that Bitcoin will reach $1 million within the next three years, citing major global macroeconomic trends as key drivers.
In a blog post published on May 15, Hayes pointed to the devaluation of U.S. Treasurys and foreign capital repatriation as twin forces that could send Bitcoin soaring.
Key catalysts for Bitcoin’s rise
Hayes wrote:
Foreign capital repatriation and the devaluation of the gargantuan stock of US Treasurys will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028.
Political developments & their impact
He emphasized that the timeline could shift based on political developments, particularly the outcome of the 2028 U.S. presidential election.
He said:
Who knows what type of politician will win and what policies they will enact.
A warning to European investors
Hayes also issued a stark warning to Europeans.
As governments across the EU increase restrictions on financial sovereignty, he urged individuals to act before tighter regulations take effect.
Criticizing the European Central Bank’s trajectory on Bitcoin, he said:
For you Euro-poor-peans… get your money out now!
Broader market sentiment
While some may see the $1 million target as extreme, Hayes is not alone.
Major financial institutions, including Fidelity and Michael Saylor’s Strategy, have issued long-term bullish forecasts, with Saylor suggesting Bitcoin could be worth $13 million by 2045.
