BitMEX founder Arthur Hayes is predicting Bitcoin (BTC) will hit seven figures in about three years for one main reason.
In a speech at the TOKEN2049 crypto conference in Dubai, Hayes says that the potential easing of US monetary policy will positively impact Bitcoin’s price.
[adinserter block="1"]“We’re going to around a $1 million [BTC] by 2028, because we’re going to print more money in Trump’s 2.0 than Biden did in his term.”
Hayes predicts that Trump and his administration will inject liquidity into the markets to prop up the economy, especially around the mid-term elections in 2026, to help Republicans win their seats. Historically, easing monetary policy has sent Bitcoin to new all-time highs.
He also says one possible catalyst that would spark Fed money printing is if the US and China trade talks fall apart.
“What happens if this China-US sort of divorce goes badly, and both sides stick to their own guns and don’t want to compromise? Well, are Trump and the Republicans going to not try to win a 2026 midterm election? Of course not. They’re going to do what they need to do to stimulate the economy, to create the impression of growth and strength, so that they get re-elected, just like any other politician. And so because of this secular change in the relationship between the two largest economic and military powers is going to be funded with printed money Bitcoin is going to go much higher than it did from 2022 to 2025 and that, ladies and gentlemen, is a road to $1 million Bitcoin.”
Bitcoin is trading for $103,287 at time of writing, flat on the day.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
