Former BitMEX CEO Arthur Hayes predicts Bitcoin could surge to $1 million by 2028, attributing this potential growth to anticipated U.S. fiscal stimulus measures and monetary expansion policies. Hayes asserts that government efforts to stimulate economic growth through increased liquidity will drive this unprecedented appreciation.
In his analysis, Hayes emphasizes that expansive fiscal policies and monetary easing will address global economic imbalances, historically correlating with significant cryptocurrency valuation shifts. He cites post-COVID stimulus programs as precedent, noting how previous liquidity injections contributed to Bitcoin’s rapid price appreciation cycles.
The crypto community has responded with cautious optimism to Hayes’ projection. While many acknowledge Bitcoin’s established role as an inflation hedge during currency devaluation, others warn against overreliance on fiscal policy assumptions. Hayes’ forecast underscores Bitcoin’s perceived strength as a safeguard against macroeconomic trends involving currency debasement.