Maelstrom CIO Arthur Hayes Predicts Bitcoin Price Will Reach $1 Million by 2028

Maelstrom CIO Arthur Hayes made an ambitious claim regarding Bitcoin's price trajectory during a keynote speech delivered in Dubai.

As investors increasingly view it as an inflation hedge, the apex asset could reach $1 million by 2028, according to Hayes.

Arthur Hayes, the CIO of Maelstrom and former CEO of Bitmex, made a bold prediction for Bitcoin's price trajectory during his keynote speech at the Token2049 summit in Dubai.

As the U.S. will need to increase dollar liquidity through measures similar to quantitative easing, which could drive up cryptocurrency prices, Hayes believes that the apex coin could reach $1 million by 2028.

"It's time to go long everything," he added.

According to the Maelstrom CIO, the U.S. will soon need to pump more cash into its economy to maintain stability.

This unavoidable liquidity boost, which is similar to quantitative easing, could trigger a surge in both traditional and cryptocurrency markets, according to Hayes, who spoke at the Token2049 summit.

"This administrative action is now needed to prevent the U.S. from sliding into a recession," said Hayes.

The Maelstrom CIO noted that such administrative responses have historically led to bullish markets.

"We've seen this play out before. In 2022, we had a similar occurrence in Q3, culminating in the FTX crash. During this period, $2 trillion worth of crypto assets were wiped out as investor confidence tanked. This loss of market belief was further amplified by the unstable interest rates at the time."

However, despite the market turmoil, the U.S. administration injected $2.5 trillion into the economy via its repo program.

According to Hayes, the current economic atmosphere is in a similar situation. The Bitmex co-founder drew attention to the market tension caused by the ongoing regional trade battle, which pushed market prices to their lowest in years. However, investors reacted to the president’s 90-day tariff halt, as market prices witnessed a trend reversal.

"Everyone panicked and began buying the market, ultimately pushing the rout to a halt. Afterward, the administration injected another $2.5 trillion into the money market via the repo program to prevent any liquidity crunch," explained Hayes.

According to the Maelstrom CIO, the Federal Reserve Chair may adopt a contrary stance to some ongoing administrative policies. However, he does not expect it to affect what he believes to be an inevitable liquidity injection.

He suggested that banks or hedge funds may buy up U.S. Treasury bonds, which would indirectly pump liquidity into the market.

"If we observe the administration continuing its actions over the next 90 days, and the Fed Chair remains indifferent, then I anticipate a natural response from investors. They will begin buying up U.S. Treasury bonds, ultimately leading to lower yields and a rally in both the stock and cryptocurrency markets."

According to Arthur Hayes, the apex coin could hit $1 million by 2028.

"We're now at an interesting juncture. We can discuss whether or not the administration will take action, but I believe it's almost a certainty. The question is, what will be the market reaction to this event?"

According to the Maelstrom CIO, investors will likely react by buying more Bitcoin and other cryptocurrencies as they seek a hedge against inflation and potential currency devaluation.

"My personal view is that we could see Bitcoin at $1 million by 2028 if this scenario unfolds as I anticipate."

According to the Maelstrom CIO, this administrative action is now needed to prevent the U.S. from sliding into a recession.