Bitcoin is back at its bullish form and surging past $95,460, reaching a two-month high

At the Token2049 conference in Dubai, Arthur Hayes, CIO of Maelstrom, has once again predicted that Bitcoin (BTC) could reach $1 million by 2028.

Also Read: Bitcoin Surpasses $95K, Reaching Two-Month High As Mena Strengthens Ties With China Through Silk Road Fund

Predicting a major price rally for Bitcoin

Speaking at the event, Hayes shared his thoughts on the macroeconomic landscape and how it could factor into the crypto market. He expressed a strong belief that increasing dollar liquidity will be the main force behind a major crypto rally, encouraging investors to take a bullish stance on both crypto and traditional stocks.

"Get ready for the biggest wealth transfer in history," he said, teasing his prediction. "We could be seeing Bitcoin hit $1 million by 2028."

"Unlikely scenario unfolding:

1) US heading for another round of money printing. We saw it Q3 last year with FTX implosion and interest rates fears. But the US intervened with $2.5 trillion funding program, helping markets recover.

2) Currently, we have Trump’s tariff plans causing market stress. He announced heavy tariffs on major trading partners, but they’ve been paused for 90 days, leaving investors uneasy. Federal Reserve Chair Jerome Powell may not be keen to intervene and decrease this stress, especially with Trump’s unpredictable presidency. However, hedge funds are likely to step in by buying U.S. debt, which could quietly increase market liquidity.

3) All of these points to a strong environment for Bitcoin growth. As more money flows into the system, investors are likely to turn to assets that can hold long-term value, like Bitcoin.

4) This will push Bitcoin’s price up to $1 million by 2028. With macro uncertainty and more liquidity on the horizon, this year feels like the perfect setup for a major bull run."

U.S. liquidity could push markets higher

The U.S. economy is likely heading for another round of money printing, according to Arthur Hayes, CIO of Maelstrom. He compared the current market to the third quarter of 2022, when fears around rising interest rates and the FTX collapse were high. At that time, the U.S. stepped in with $2.5 trillion through a funding program, helping markets recover. However, he believes that hedge funds will step up by buying U.S. debt, which could quietly increase market liquidity.

Trump's tariff plans create market stress

On the other hand, President Donald Trump's announced plans to impose heavy tariffs on major trading partners have created stress in the market. Although the tariffs have been paused for 90 days, investors remain cautious. According to Federal Reserve Chair Jerome Powell may not be willing to step in and decrease this stress.

Investors are pivoting to Bitcoin

According to Arthur Hayes, these points all add up to a strong environment for Bitcoin growth. As more money flows into the system, investors are likely to turn to assets that can hold long-term value. This is where Bitcoin comes in.

"I think we’ll be seeing Bitcoin at $1 million by 2028," he said boldly.

With macro uncertainty and more liquidity on the horizon, this year feels like the perfect setup for a major bull run, he concluded.

As for other predictions, Standard Chartered's Geoff Kendrick forecasts Bitcoin reaching $120,000 in Q2, driven by U.S. asset withdrawals and strong investor demand. He maintains a year-end target of $200,000, supported by ETF inflows, institutional interest, and potential stablecoin legislation.

While, apsk32 expects BTC to hit $130K–$200K+ by year-end, citing network growth, accumulation, and four-year market cycles. Sina notes Bitcoin is now in the “Transition” phase, with milestones at $130K and $163K before acceleration begins.