Key points:
Arthur Hayes predicts Bitcoin will be “significantly higher” by 2028, though $3.4 million per coin is overly optimistic.
The increase in BTC prices due to credit growth may not replicate historical trends.
The return of US money printing under the Trump administration could pave the way for BTC price growth.
According to former BitMEX CEO Arthur Hayes, Bitcoin (BTC) will trade at a “significantly higher” value than its current $113,000 by 2028.
In his recent blog post, “Four, Seven,” published Tuesday, Hayes suggests that money printing will drive BTC price action to new heights.
Hayes predicts BTC price to be “significantly higher”
Arthur Hayes believes that US money printing during the Trump administration will elevate Bitcoin dramatically in just three years.
Trump’s apparent goal is to “preserve the benefits of the purported empire for the elite,” a strategy previously attempted by US Presidents.
Hayes summarized, “Currently, a new conflict versus a more united, prosperous, and militarily capable Eurasia (Russia, China, India, and Iran) necessitates a fundamental shift in credit allocation.”
“Thus, I confidently assert regarding money printing that these individuals are serious about it.”
To achieve this, Trump must influence the Federal Reserve, potentially steering monetary policy towards increased money printing through a deal with the US Treasury. The ongoing situation with Fed governor Lisa Cook, appointed by the prior administration, is merely the beginning.
“The reality is, do not underestimate that team Trump will leverage all available methods to print the necessary funds for America’s transformation,” the post elaborated.
Hayes further explores how Bitcoin could respond. While predicting specific prices is nearly impossible, historical patterns suggest a significant change in BTC pricing.
“The rate of percentage increase in Bitcoin per dollar of credit growth was approximately 0.19. Consequently, this leads to a 2028 Bitcoin price prediction of $3.4 million!” he calculated.
“Do I believe Bitcoin will reach $3.4 million by 2028? No, but I do think the figure will be substantially higher than the ~$115,000 it is currently priced at.”
What level is excessive for Bitcoin?
Hayes is familiar with BTC price predictions, as seven-figure forecasts have become commonplace in his outlook on the future of the global economy.
Related: Bitcoin price $150K target comes as analyst sees weeks to all-time highs
Pardoned by Trump in March, he previously predicted a $1 million price by 2028, citing international capital controls and “repatriation” of overseas wealth.
Last week, alongside reiterating the $1 million forecast on X, Hayes indicated Treasury liquidity conditions as a factor to anticipate a significant surge across crypto markets next.
Not everyone shares this view. Andre Dragosch, European head of research at crypto asset manager Bitwise, dismissed the liquidity argument as “absurd.”
As Cointelegraph continues to report, market expectations for looser financial conditions remain elevated, with the Fed projected to lower interest rates again at its October meeting.
This article does not provide investment advice or recommendations. Every investment and trading decision carries risks, and readers should perform their own research before making choices.
