Bitcoin News Today: Stablecoins and Fed Shifts Could Fuel Bitcoin's $15M Surge

Arthur Hayes, co-founder of BitMEX and a noted macro commentator, has drawn a direct link between Federal Reserve policy and Bitcoin’s potential to reach $15 million per coin. In a recent interview with CoinFund’s Chris Perkins, Hayes outlined a scenario where a Trump administration, coupled with a Fed chair less inclined to resist political pressure, could trigger a wave of aggressive monetary stimulus. This, in turn, he argues, would create conditions where Bitcoin could achieve unprecedented price levels. The prediction hinges on the assumption that a new Fed chair—specifically, someone like Peter Thiel-linked figure Zervos—would implement yield curve control and massive money-printing measures, leading to the $15 million valuation [1].

Hayes’ analysis is rooted in broader shifts in U.S. monetary policy and the growing role of stablecoins. He posits that the U.S. could leverage stablecoins—digital tokens pegged to the dollar—to finance fiscal policy while diminishing the Fed’s control over short-term interest rates. This could involve shifting trillions from the offshore eurodollar system into on-chain stablecoins, supported by U.S. tech platforms and backed by Treasury bills. According to Hayes, this would create a "sink of tens of trillions of dollars" to fund federal deficits, effectively sidelining the Fed’s traditional monetary tools. The scale of this potential shift is immense, with estimates of the total addressable pool from eurodollars alone ranging between $10–13 trillion [1].

The implications for the crypto market, according to Hayes, are unambiguously bullish. On-chain dollars earning modest yields could fuel a surge in decentralized finance (DeFi) activity, with total value locked (TVL) potentially reaching tens of trillions if U.S. monetary authorities pursue a pro-stablecoin policy. This infrastructure, he argues, would enable users to engage in basis trades, spend with crypto cash cards, and use stablecoins as collateral across DeFi platforms. The result would be a significant structural shift in how capital is allocated and how risk is priced [1].

Hayes’ vision is not an outlier. Other industry figures have also expressed strong bullish sentiment toward Bitcoin. Coinbase CEO Brian Armstrong predicted $1 million per Bitcoin by 2030, while Trump Organization executive Eric Trump called for similar levels at Jackson Hole. BitMEX co-founder Arthur Hayes previously forecasted a $1 million price, and Transform Ventures CEO Michael Terpin expects Bitcoin to "approach, if not pass, $1 million likely by 2033." These forecasts, while varying in timeline, underscore a growing consensus that Bitcoin’s price trajectory is tied to macroeconomic developments, regulatory clarity, and institutional adoption [2].

On the regulatory front, U.S. Treasury Secretary Scott Bessent and Goldman Sachs have both signaled a shift toward supporting stablecoins as a legitimate part of the financial ecosystem. Bessent has emphasized that stablecoins could bolster demand for U.S. Treasuries by expanding access to the dollar economy for billions of people globally. Goldman Sachs sees the stablecoin market at the cusp of a “gold rush,” with USDC positioned for significant growth as regulatory frameworks align and the crypto ecosystem expands. The bank estimates the potential total market for stablecoins to be in the trillions, driven by their application in cross-border payments, retail transactions, and institutional finance [3].

Federal Reserve Governor Christopher Waller has also weighed in on the subject, framing stablecoins as a natural evolution in the payments revolution. Speaking at the Wyoming Blockchain Symposium, Waller emphasized that innovation in digital assets is not speculative but rather part of a century-long trend where technology reshapes financial infrastructure. He argued that stablecoins could help extend the dollar’s global role and improve the efficiency of cross-border payments. Waller’s remarks reflect a broader shift within the Fed to view digital assets as a complement to, rather than a replacement for, existing financial systems [5].

As the crypto market continues to evolve, the interplay between regulatory developments, macroeconomic policy, and technological innovation will shape its trajectory. Bitcoin’s price, while influenced by speculative momentum, appears increasingly tied to the broader financial system’s structural shifts. Whether it reaches $15 million or $1 million, the asset’s role as a store of value and a driver of financial innovation is becoming more entrenched.

Source: [1] Bitcoin To $15 Million Possible Once Powell Is Out (https://www.newsbtc.com/bitcoin-news/bitcoin-15-million-once-powell-is-out-arthur-hayes/) [2] Bitcoin to $1m? Coinbase CEO and Eric Trump are bullish (https://www.dlnews.com/articles/markets/coinbase-ceo-and-eric-trump-say-bitcoin-could-hit-1-million/) [3] Goldman Sachs says we're on the verge of a stablecoin gold rush (https://fortune.com/2025/08/20/goldman-sachs-stablecoin-gold-rush/) [4] Bitcoin And Stablecoins Lead Payments Revolution In The ... (https://www.forbes.com/sites/beccabratcher/2025/08/20/bitcoin-and-stablecoins-lead-payments-revolution-in-the-us/)