Arthur Hayes Sets Long-Term Bitcoin Price Target
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 after market turmoil witnessed due to Trump’s tariff flip-flopping. The flagship crypto remains much-eyed by traders and investors globally amid such bold predictions.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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