Bitcoin (BTC) Will Rocket to $1 Million in 3 Years, Predicts BitMEX Founder Arthur Hayes

Arthur Hayes, the former CEO of BitMEX, is predicting that Bitcoin will surge to seven figures in a few years, owing to strong tailwinds.

Earlier this month, the price of Bitcoin smashed the $100,000 milestone for the first time since February as U.S. President Donald Trump teased a major trade deal. Now, Arthur Hayes is predicting that the apex crypto will rocket to $1 million in just three years, thanks to macro tailwinds.

What Happened: The former BitMEX CEO has once again shared his uber-bullish prediction on Bitcoin, suggesting that the flagship cryptocurrency could surge to seven figures in a few years. Hayes predicts this surge will be driven by a strong macro tailwind, with foreign investment flowing out of the U.S., and the huge stock of U.S. Treasury being devalued, ultimately leading to Bitcoin becoming the preferred haven for investors everywhere.

“Foreign capital repatriation and the devaluation of the gargantuan stock of U.S. treasuries will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028,” the BitMEX founder said in his May 15 blog post.

Hayes timed his forecast to the next U.S. presidential election, where a less crypto-friendly president might assume office.

“I say 2028, because that is when the next U.S. presidential election occurs, and who knows what type of politician will win and what policies they will enact,” Hayes wrote.

“Maybe by some stroke of divine intervention, the American public is ready to accept the monetary hangover for the profligacy of the last century and extinguish the rotten credit destroying their society. Therefore, the time is now to make hay while the sun king takes a shine to Bitcoin.”

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Why It's Important: In his post, Hayes went on to suggest that Trump will shift gears from tariffs to capital control. This will spook investors, who Hayes thinks will exit the United States with their capital.

The U.S. will then print more money in a form similar to quantitative easing to make up for capital leaving the U.S. “It’s the same answer as always,” said Hayes. “If the foreigners won’t supply the dollars, the government will by using its printing press.”

As a result, he believes President Trump is likely to shift policies, which will ultimately be a boon for Bitcoin.

“Bitcoin is the perfect and only lifeboat for global capital that must leave America and elsewhere,” said Hayes.

Hayes has often maintained that Bitcoin will ultimately take off like a rocket due to the U.S.’s monetary policy of printing cash.