Bitcoin News

Story: Arthur Hayes: Bitcoin to Hit $1 Million by 2028

By MikeT

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Bitcoin (BTC) is currently holding steady around $104,000, showing resilience despite recent price swings.

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Why Hayes Believes Bitcoin Is Headed for $1 Million

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Arthur Hayes has been a prominent voice in the crypto space for years. Now, he predicts that Bitcoin could surge over 860% in the next three years — climbing from its current…

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One of his key points is the rise in capital controls. As governments tighten restrictions on money flows, Hayes expects people to move away from traditional financial tools like…

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Bitcoin’s Strength Over Traditional Assets

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Hayes argues that Bitcoin has a unique edge over gold when it comes to cross-border transfers.

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He points to China’s over-the-counter (OTC) Bitcoin market as proof. Despite a government ban on crypto exchanges, buyers and sellers in China continue to trade Bitcoin, showing…

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Hayes believes that if similar capital restrictions appear in other countries — such as those in the European Union — people will likely find new ways to access and trade Bitcoin…

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How Market Liquidity Could Trigger a Price Explosion

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According to Hayes, the structural setup of the market could cause Bitcoin’s price to rise sharply and suddenly.

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Currently, only around $300 billion worth of Bitcoin is held on crypto exchanges. If demand jumps significantly without a matching supply increase, it could cause prices to rise…

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Hayes backs up his view by comparing the value of U.S. Treasuries against gold and Bitcoin. Since 2021, Treasuries have lost over 60% of their value in gold terms — and more than…

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Hayes believes the 2028 U.S. presidential election could be a turning point for global economic policy.

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He ties his $1 million prediction to this potential change in U.S. leadership, which he believes will influence how the world handles capital, debt, and decentralized currencies.

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Hayes isn’t the only one who sees Bitcoin heading toward seven figures. Binance co-founder Changpeng Zhao (CZ) recently suggested that Bitcoin could reach between $500,000 and $1…

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