Bitcoin Surges 10% to $95,460, Hayes Predicts $1 Million by 2028

Arthur Hayes, the former CEO of Maelstrom, made a bold prediction at the Token2049 conference in Dubai, stating that the price of Bitcoin could reach $1 million by 2028. This forecast comes as Bitcoin's price surged past $95,460, marking a two-month high and bringing its market capitalization to $1.88 trillion. Hayes' prediction is rooted in his belief that increasing dollar liquidity will be the primary driver behind a significant rally in the cryptocurrency market.

Hayes compared the current market conditions to the third quarter of 2022, when the U.S. economy faced high fears around rising interest rates and the collapse of FTX. During that period, the U.S. government intervened with a $2.5 trillion funding program, which helped stabilize the markets. Hayes anticipates a similar wave of liquidity in the near future, which he believes will benefit Bitcoin and other cryptocurrencies.

He also addressed the recent market uncertainty caused by President Donald Trump's announcement of heavy tariffs on major trading partners. Although the tariffs have been paused for 90 days, investors remain cautious. Hayes suggested that Federal Reserve Chair Jerome Powell may not intervene to ease market stress under Trump's leadership. However, he believes that hedge funds will step in by buying U.S. debt, which could quietly increase market liquidity and support Bitcoin's growth.

Hayes' prediction is based on the idea that as more money flows into the system, investors will turn to assets like Bitcoin that can hold long-term value. He sees the current macroeconomic uncertainty and the potential for increased liquidity as the perfect setup for a major bull run in the cryptocurrency market. Hayes' optimistic outlook is driven by his analysis of macroeconomic trends and the increasing adoption of digital currencies.

While Hayes' prediction is ambitious, it is not without precedent. Other analysts have also made bullish forecasts for Bitcoin's price. Standard Chartered’s Geoffrey Kendrick projects BTC to reach $120K in Q2 and possibly $200K by year-end, supported by whale accumulation, macroeconomic realignment, and safe-haven flows from gold into BTC. However, these forecasts are based on different factors and timeframes, and it remains to be seen whether Bitcoin will reach these heights in the near future.