Arthur Hayes Predicts Bitcoin to Hit $3.4 Million by 2028

Arthur Hayes, former CEO of BitMEX, predicts Bitcoin could hit $3.4 million by 2028. His analysis is based on macroeconomic trends and presented in his blog. Speculative reactions from the community followed his analysis.

Hayes, currently Chief Investment Officer at Maelstrom, suggests aggressive U.S. monetary policies as key factors. He bases his prediction on fiscal and monetary policy trajectories. The community remains divided over his forecast.

The prediction could impact Bitcoin (BTC) primarily, with potential speculative inflows. Industry insiders have shown a mix of skepticism and interest in response to the forecast. No significant institutional actions have been linked to Hayes’s insights yet.

Hayes assumes persistent $2 trillion U.S. deficits with heavy Fed debt monetization as pivotal. This scenario influences discussions on Bitcoin’s potential as an inflation hedge. The thesis remains BTC-centric without extending to Ethereum or altcoins.

Reactions from other Key Opinion Leaders (KOLs) or institutions remain subdued, with no direct endorsements or criticism. Community discussions highlight both bullish and cautious perspectives about the aggressive forecast.

Historical parallels are drawn with Bitcoin’s rise during early COVID-19 stimulus phases. Hayes’s prediction, although not universally accepted, emphasizes Bitcoin’s potential in crisis-induced macroeconomic shifts, reflecting historical price reactions.

Arthur Hayes, Chief Investment Officer, Maelstrom, “The slope of the percentage increase in Bitcoin to a dollar of credit growth was ~0.19. Ladies and gentlemen, that results in a 2028 Bitcoin price prediction of $3.4 million!” – Cointelegraph