Arthur Hayes Predicts $1M Bitcoin by 2028 as US Plans $9 Trillion Liquidity Injection and Political Shifts Fuel Bullish Outlook

BitMEX co-founder Arthur Hayes has made a bold prediction that Bitcoin (BTC) could reach $1 million by 2028, driven by the US government’s potential injection of up to $9 trillion in liquidity to address its rising debt. Hayes, speaking at the Bitcoin 2025 conference and in recent commentary, highlighted that increased government spending, political shifts linked to upcoming US elections, and unprecedented monetary easing are likely to accelerate money printing far beyond COVID-era stimulus. He criticized US Treasury bonds for poor returns and oversupply, arguing that assets like Bitcoin, gold, and stocks offer superior value. Hayes outlined three key liquidity policies: enabling unlimited bank leverage to purchase US Treasuries, imposing heavy taxes to push foreign investors out (forcing commercial banks to step in), and utilizing Fannie Mae and Freddie Mac to inject $5 trillion into the mortgage market. These measures, he believes, will boost market liquidity and make Bitcoin and other cryptocurrencies increasingly attractive. Hayes also projected that Ethereum (ETH) could see gains, potentially reaching $5,000. Broader regulatory developments, such as enhanced stablecoin frameworks, are expected to foster institutional trust and drive adoption. Other prominent voices, like Tim Draper, echo this optimism, citing clearer regulation and rising corporate investment in crypto. Crypto traders are advised to closely watch US fiscal and monetary policy changes, as large-scale liquidity events could trigger major rallies in Bitcoin and Ethereum prices.