Bitcoin Predicted to Hit $1 Million by 2028, Driven by US Dollar Liquidity

BitMEX founder Arthur Hayes has made a bold prediction for Bitcoin, forecasting that the cryptocurrency could reach $1 million within the next few years. Speaking at the TOKEN2049 conference in Dubai, Hayes presented a macro-driven case for this surge, highlighting the expanding US dollar liquidity as a key catalyst. His remarks quickly gained traction across the crypto landscape, amplifying bullish sentiment.

Currently, Bitcoin is trading around $95,000, rebounding from earlier 2025 market volatility that saw prices dip sharply before recovering in recent weeks. This resilience reflects renewed institutional interest, steady ETF inflows, and broader optimism about crypto’s role amid ongoing monetary and geopolitical uncertainty.

Hayes reiterated his long-term bullish stance on Bitcoin, forecasting a $1 million price target by 2028. He anchored his prediction on the premise that renewed US dollar liquidity—whether through formal quantitative easing or comparable monetary measures—could drive a significant influx of capital into risk assets, with Bitcoin as a primary beneficiary. Hayes contends that an expansionary monetary backdrop would favor crypto assets, especially as investors seek alternatives amid inflationary pressures and macroeconomic instability.

He also flagged the current environment of policy unpredictability, particularly around President Donald Trump’s tariff proposals, as a near-term volatility trigger. Although implementation has been delayed by 90 days, the threat of high tariffs continues to cloud market sentiment. Adding to the complexity is Federal Reserve Chair Jerome Powell’s apparent hesitancy to step in with immediate monetary action, which Hayes noted could contribute to short-term uncertainty.

A Bitcoin rally typically lifts overall market sentiment, pulling sidelined capital back into the crypto ecosystem and sparking renewed interest in altcoins, particularly meme tokens, which tend to thrive during periods of heightened speculative activity. Bitcoin Pepe is strategically positioned to benefit from this dynamic. As the first meme-focused Layer 2 solution built on the Bitcoin network, it brings together the security of Bitcoin with the Solana-like scalability. Its unique positioning at the intersection of Bitcoin infrastructure and meme-driven speculation makes it especially well-placed to capture capital inflows if Bitcoin’s price pushes higher and reignites risk appetite across the market.

In a scenario where Bitcoin crosses $1 million, projects like Bitcoin Pepe could see an outsized benefit, fueled by both increased visibility and renewed demand for high-upside tokens. Bitcoin Pepe’s presale continues to attract strong investor interest, having raised over $7.3 million. Structured across 30 stages, the offering applies a 5% price hike at each phase — a mechanism that has not only incentivized early participation but also fueled accelerating demand. Each stage has closed more quickly than the last, underscoring rising speculative momentum. Since the launch, BPEP’s price has increased from $0.021 to $0.031 at stage 9. The next stage will take the token to $0.0326. Early entrants have already recorded gains exceeding 40%. Bitcoin Pepe’s potential exchange listing in the second quarter of 2025 could act as a significant catalyst for further price appreciation.