Arthur Hayes Predicts Bitcoin Will Reach $1M by 2028: A Comparison with Wall Street Projections

Arthur Hayes, former CEO of Bitmex, predicts that Bitcoin (BTC) could reach a price of $1 million by 2028 due to global financial turmoil. Hayes suggests that as the world divides into economic blocs, with the U.S. and China slowly decoupling, a faltering traditional system could push institutions towards BTC as a hedge.

His prediction involves a two-phase development: a leap to $250,000 by 2025 due to market liquidity, followed by a skyrocketing value due to "ballooning deficits, debasement, and unstoppable digital scarcity." While some Wall Street firms' forecasts fall short of the $1 million mark, they do acknowledge Bitcoin's potential to surpass its previous highs, with Fundstrat and H.C.

Wainwright predicting a price of $225,000 to $250,000 by 2025.