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Highlights
- BitMEX founder Arthur Hayes has predicted that Bitcoin price can hit $1 million in a few years.
- Meanwhile, he also believes that the current sluggish performance is due to Trump's tariff flip-flopping.
- BTC price is currently resting at the $94K level.
BitMEX founder Arthur Hayes has recently conveyed a highly bold prediction for Bitcoin price, predicting it to hit $1 million in a few years. Speaking at the TOKEN2049 event in Dubai, Hayes outlined a potential timeline for such a bullish feat to occur, sending shockwaves across the crypto sector. Notably, BTC price is currently trading at the $95K level, showcasing bullish strength after a market turmoil witnessed at the beginning of this year.
BitMEX’s Arthur Hayes Predicts Bitcoin Price To Hit $1M; Here’s When
BitMEX founder Arthur Hayes has predicted that Bitcoin price will hit $1 million by 2028 during his speech at TOKEN2049. Primarily, he believes that if the U.S. increases dollar liquidity through measures that are similar to quantitative easing, cryptocurrency prices could leverage a significant surge.
For context, increased dollar liquidity could mean more money flowing into risk assets such as BTC. In response, the market could see the flagship coin gain substantially, with Hayes believing that $1 million is in BTC’s grasp.
Besides, the current broader market uncertainty remains primarily attributable to Trump’s push for high tariff policies, although the tariffs have been delayed for 90 days, per Arthur Hayes. Even Fed Chair Jerome Powell may be reluctant to intervene directly, he stressed looking at the current market landscape. This could pave the way for short-term price volatility.
BTC price is currently trading at the $94K level, consolidating over the week after a market turmoil caused due to Trump’s tariff flip-flopping. Yet, the flagship crypto remains much-eyed by traders and investors globally amid such bold predictions.
Bullish Factors In Play
Coinglass data further indicated that BTC futures OI remained above the $60 billion mark, an optimistic dynamic underscoring heightened market interest. This stat has added to sentiments of a bull run looming for the flagship coin right ahead.
In addition, a Bitcoin price prediction by CoinGape also revealed that bulls remain dominant over the token at the moment, as per the 3-month bias indicator. However, this prediction has highlighted that the max target for 2028 remains $148K, a level substantially below Arthur Hayes’ forecast.
In conclusion, broader market sentiments revolving around the coin’s long-term prospects remain bullish amid strong dynamics, although the exact target for 3 years down the line remains speculative.
Subsequently, it’s also worth keeping in mind that the next BTC halving will take place in 2028, another bullish aspect when considering future movements. On the other hand, the flagship crypto has also seen increased institutional adoption in recent days, with U.S.-based BTC ETFs recording over $3 billion in inflows recently. Meanwhile, BlackRock alone recorded nearly $1 billion worth of inflows intraday recently.
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