Bitcoin could reach $1 million in just three years, according to former BitMEX CEO Arthur Hayes. In a bold prediction made on May 15, Hayes argued that global macroeconomic shifts, including U.S. Treasury devaluation and repatriation of foreign capital, will drive BTC to unprecedented heights.
Why $1 Million?
Hayes pointed to two key catalysts for Bitcoin’s potential seven-figure valuation: the devaluation of U.S. Treasurys and tightening capital controls in Europe. He emphasized that these economic factors could push investors to seek safe-haven assets like Bitcoin. “Foreign capital repatriation and the devaluation of the gargantuan stock of US Treasurys will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028,” he stated.
Also Read: Bitcoin’s (BTC) Maturity Questioned: Why It’s Not Yet a Safe-Haven Asset – RedStone Oracles
European Investors W arned to Act Fast
In addition to his U.S.-focused analysis, Hayes also issued a stark warning to European investors. He claimed that increased regulatory scrutiny and financial controls could make it more difficult for Europeans to access their funds. Hayes urged them to “get your money out now” to avoid potential asset freezes. According to him, not even China has banned private Bitcoin ownership, making Europe’s stance particularly concerning.
Betting Big on Bitcoin’s Future
Hayes’ million-dollar BTC prediction is not the first sky-high target set by influential crypto figures. Michael Saylor, CEO of MicroStrategy, recently projected Bitcoin reaching a $10 trillion market cap, equating to approximately $13 million per BTC by 2045. Hayes, however, remains focused on the near term, arguing that the next U.S. presidential election in 2028 could be a decisive turning point for Bitcoin’s trajectory.
While the forecast seems ambitious, Hayes contends that major political and economic shifts could drive BTC to seven figures sooner than most expect.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Crypto and blockchain enthusiast.
