Arthur Hayes Predicts $1M BTC by 2028 as Bitcoin Price Breaks $95K

Bitcoin is back at its bullish form and surging past $95,460, reaching a two-month high. Its market cap hit $1.88 trillion, with daily trading volume up 13% to $28 billion. The current price action sits just above the crucial $90K–$92K support range – a strong technical zone that traders are watching closely.

As the market heats up, one of crypto’s most outspoken voices, Arthur Hayes, is back with a bold prediction. And this time, it’s catching serious attention.

1 Million by 2028?

Speaking at the Token2049 conference in Dubai, Arthur Hayes, Chief Investment Officer of Maelstrom and former BitMEX CEO, once again predicted that Bitcoin could soar to $1 million by 2028.

According to Hayes, the key driver will be a flood of dollar liquidity. He believes this increase in money supply will fuel a major rally across both crypto and traditional financial markets. In his view, investors should be positioning themselves now for what’s coming.

Liquidity Could Drive the Next Rally

Hayes drew comparisons to the third quarter of 2022 — a time when fears of rising interest rates and the collapse of FTX rocked the markets. Back then, the US government stepped in with $2.5 trillion through a funding program that helped stabilize the system.

Hayes believes we’re heading into a similar phase again. With macroeconomic pressure building, he expects another round of liquidity injections, and this time, Bitcoin could be one of the biggest beneficiaries.

Trump’s Tariff Threats Add to Market Tension

Adding another layer of uncertainty, President Donald Trump recently announced plans to impose heavy tariffs on major US trading partners. While the tariffs are paused for 90 days, investors remain cautious.

Hayes pointed out that under Trump’s leadership, Federal Reserve Chair Jerome Powell might hesitate to provide market support. Still, he believes hedge funds may step in by buying US debt, which would quietly increase liquidity behind the scenes — even without formal stimulus measures.

A Bullish Setup for Bitcoin’s Next Big Move

All of these elements, according to Hayes, are combining to create ideal conditions for Bitcoin to grow. With more money expected to flow into the financial system, investors are likely to turn to assets like Bitcoin that are designed to hold long-term value.

Hayes remains firm in his belief that Bitcoin can reach the $1 million mark by 2028. Between liquidity shifts and macroeconomic instability, he sees this as the perfect setup for a powerful bull run.

How High Can Bitcoin Price Go?

On the flip side, Standard Chartered’s Geoffrey Kendrick projects BTC to reach $120K in Q2 and possibly $200K by year-end, supported by whale accumulation, macroeconomic realignment, and safe-haven flows from gold into BTC. 

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.