Hayes Predicts Bitcoin Will Hit $250K by End of the Year, $1M After

Arthur Hayes, co-founder of BitMEX, believes the US economy is about to experience a massive injection of liquidity—and that Bitcoin could be one of the biggest beneficiaries. Speaking on the David Lin Report, Hayes shared his view that the Federal Reserve will help push trillions of dollars into the system by 2028.

Good to know

• Hayes expects $9 trillion in liquidity to enter the economy by 2028.
• He sees Bitcoin hitting $250,000 by the end of this year.
• A long-term price target of $1 million for Bitcoin is also part of his forecast.

According to Hayes, this new wave of capital will begin with traditional sectors, such as manufacturing, and gradually flow toward riskier assets like Bitcoin. He believes banks will soon have more flexibility to lend after changes to capital requirements. “They now don’t have to hold all this equity capital against their treasury book, they can lend more into the real American economy,” he said.

That lending increase, Hayes explained, will fuel credit expansion. Eventually, he expects that capital to reach crypto markets. He predicts Bitcoin could jump around 139% from current levels to $250,000 before the year ends. Looking further ahead, he sees Bitcoin reaching $1 million by 2028.

Hayes attributes Bitcoin’s potential outperformance to its fixed supply and relatively small market cap. “So you have a lot of things chasing a very small door, then the price goes up on the margin,” he said. “That’s why Bitcoin has been the best performing financial asset in the last 15 years.”

He believes these dynamics give Bitcoin a major edge in periods of excess liquidity, especially compared to other financial assets that lack the same scarcity or growth potential.