Arthur Hayes Predict Bitcoin Price Could Hit $3.4 Million by 2028

Arthur Hayes Forecasts Bitcoin to Reach $3.4 Million by 2028

Arthur Hayes, the co-founder of BitMEX and Chief Investment Officer at Maelstrom, has made a bold prediction regarding Bitcoin's future. Hayes suggested that the Bitcoin price could surge to an astounding $3.4 million by 2028. 

This price spike, he believes, will result from a significant shift in U.S. economic policy under a potential second term for President Donald Trump. Specifically, Hayes points to the possibility of the Federal Reserve using yield curve control (YCC), a monetary policy that could inject over $15 trillion in new credit into the economy.

Bitcoin Price Surge Driven by Credit Expansion

Hayes’ forecast hinges on the idea that if a second Trump administration implements yield curve control, it could lead to massive credit creation. Yield curve control would see the Fed purchasing Treasury bonds in large quantities, similar to how it managed the bond market during World War II.

In that period, the U.S. government capped bond yields to finance military spending, which ultimately led to an expansive credit cycle. Hayes argues that such a policy could result in unprecedented levels of monetary expansion, pushing Bitcoins price to new heights.

According to him, BTC is uniquely positioned to benefit from this policy. He links the price of BTC directly to credit growth, suggesting that a projected $15.2 trillion in new credit could help drive the cryptocurrency’s value to $3.4 million. 

While Hayes acknowledges the speculative nature of this prediction, he firmly believes that BTC, with its deflationary characteristics, will outperform traditional assets during a period of massive inflation driven by credit expansion.

Arthur Hayes’ Bet on Bitcoin as a Hedge

Hayes is cautious to clarify that his prediction is speculative, but he emphasizes the increasing role of BTC as a hedge against monetary inflation. He contends that in the times of large-scale monetary policy, Bitcoin can be considered the most optimal store of value, which makes it one of the most important assets in the perspective of interventions by the government.

Though the amount of $3.4 million might be a bit farfetched, he believes that BTC will perform well because the U.S. economy will keep pumping liquidity in the system.

In addition, he has a hopeful future of BTC in the short term. He has recently predicted that Bitcoin might go to a high of 250,000 by the year-end, citing trends that are likely to shoot the cryptocurrency into the air by the year 2024. 

The optimism presented by Hayes is based on the anticipation that the Federal Reserve would go on with its rate cut and that the Treasury would inject more currency into the economy, which would make Bitcoin demand high.

The BTC price is currently at $113,195  as of the latest update on September 23, 2025. The Bitcoin price has experienced a moderately positive trend, and it has grown by 0.36% over the last 24 hours. The cryptocurrency has been continuously trading within a range of values in the last few months, which means that there are possible support and resistance areas in its price movement.