Arthur Hayes Forecasts Bitcoin to Hit $1M by 2028, Driven by US-China Trade Dynamics
Arthur Hayes, former BitMEX CEO and Maelstrom CIO, predicts Bitcoin will soar to $1 million by 2028, fueled by US-China trade dynamics and rising global liquidity. Speaking at Token2049 in Dubai, Hayes argued that the US Treasury, not the Federal Reserve, drives liquidity through bond buybacks and auction strategies, managing America’s ballooning debt. This flood of dollars, paired with unchecked government spending, will propel Bitcoin’s value, he claims.
Hayes sees US-China trade talks as performative, with superficial deals masking deeper economic shifts like capital controls and foreign investment taxes. “Trump needs to prove he’s tough on China; Xi needs to show he stood up,” Hayes told CoinDesk, suggesting these dynamics will indirectly boost Bitcoin by increasing liquidity.
His portfolio—60-65% Bitcoin, 20% Ethereum, and the rest in “quality shitcoins”—reflects his bullish stance. Hayes emphasizes Bitcoin’s appeal as a hard asset amid inflationary pressures, predicting a “money printing bonanza” in 2026-2027. While ambitious, his forecast aligns with growing institutional interest and Bitcoin’s scarcity-driven value.
