Bitcoin (BTC) price will soar to $1 million within the next three years

One of the most widely discussed predictions comes from Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX

Bitcoin (BTC) is currently trading around the $103,025 mark, but forecasts for its long-term growth are becoming increasingly ambitious, especially as macroeconomic trends continue to unfold.

Among the most widely discussed predictions is that of Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, who believes Bitcoin will soar to $1 million within the next three years.

Hayes shared this optimistic estimate in a blog post on 15 May, attributing such a dramatic rise to global capital flows and the devaluation of US Treasurys.

His comments follow a recent surge in institutional interest in Bitcoin, fueled by concerns over fiat currency stability and attempts by governments to manage sovereign debt.

Global capital flows and US Treasury risk fuel bullish case

According to Hayes, two key developments are paving the way for Bitcoin’s potential seven-figure price point: capital repatriation and the devaluation of United States Treasurys.

As governments impose tighter capital controls and attempt to manage sovereign debt, investors will seek refuge in decentralised assets, he claims.

Given its finite supply and growing institutional legitimacy, Bitcoin will become a preferred store of value, especially in regions where economic instability undermines confidence in traditional banking systems, he adds.

suggesting that "foreign capital repatriation" and the diminishing purchasing power of massive holdings in US Treasurys will act as core accelerants for BTC’s price trajectory.

He asserts that these pressures are likely to intensify depending on the outcome of the next US presidential election in 2028.

His logic hinges on how the next administration might shift economic and fiscal policy, potentially hastening investor flight into alternative assets like Bitcoin.

Central banks and policy uncertainty boost Bitcoin’s appeal

It's worth noting that Hayes' forecast comes amid a broader divergence in policy responses across regions. While some countries are increasing their acceptance of Bitcoin, others, especially in Europe, are considering more stringent controls.

In fact, Hayes expressed criticism of the European Central Bank for being overly restrictive, contrasting its stance with that of China, which, despite banning crypto trading, has not outlawed private Bitcoin ownership.

He went on to warn that attempts to suppress Bitcoin in the eurozone could backfire, likening such policies to ineffective central planning.

In his view, institutional and retail investors in these regions should act quickly to shift wealth into decentralised assets before tighter restrictions come into force.

Ultimately, these geopolitical risks, combined with concerns over inflation, currency debasement, and ballooning government debt, are helping to solidify Bitcoin’s image as a hedge against systemic risk.

Big players see long-term growth potential

It's no secret that Hayes isn't the only one who sees potential for Bitcoin to rise to new highs. Institutional leaders, including Michael Saylor, CEO of business intelligence firm Strategy, and asset management giants like Fidelity Investments, have also expressed optimism for the crypto's long-term prospects.

Saylor, whose firm holds the largest Bitcoin reserve among public companies, has projected a long-term valuation of $10 trillion for Bitcoin.

His own personal prediction is even more bullish, with a price target of $13 million per coin by 2045.

suggesting that "foreign capital repatriation" and the diminishing purchasing power of massive holdings in US Treasurys will act as core accelerants for BTC’s price trajectory.

suggesting that "foreign capital repatriation" and the diminishing purchasing power of massive holdings in US Treasurys will act as core accelerants for BTC’s price trajectory.

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