Arthur Hayes, the co-founder of BitMEX, reiterated his predictions made to Forbes in May, suggesting that Bitcoin’s price could surge to $200,000 by the end of the year and reach $1 million by 2028. According to Hayes, the anticipated bond buybacks by the U.S. Treasury Department could inject new liquidity into the economy, steering investors toward riskier assets. He believes that such a scenario could play a crucial role in Bitcoin’s valuation increase.
Hayes’s Bitcoin Predictions for 2025 and 2028
Hayes indicated that the U.S. government’s bond buyback program could reduce volatility in the government bond market. In his view, this program would bring in new capital to the market, causing investors to shift toward higher-risk assets. Hayes expressed that this situation could push Bitcoin 
$76,115 to the forefront, making it possible for Bitcoin’s price to reach $200,000 before the year ends. He even mentioned that under favorable conditions, the price might surge to $250,000.
Hayes also spoke about his long-term expectations, emphasizing the growing budget deficits and expanding fiscal expenditures in the U.S., which might undermine confidence in the dollar. In such a scenario, Bitcoin could be increasingly adopted as a store of value. Hayes predicts that by the end of 2028, Bitcoin might reach $1 million. He noted that this prediction is directly linked to the U.S.’s fiscal policies and global economic developments.
Recent Analyst Comments
Hayes’s forecasts have garnered significant attention in investment circles. However, some analysts argue that reaching the $200,000 mark in the short term could be challenging. Factors such as a slowdown in institutional fund inflows, decreased interest from individual investors, and selling pressure from miners could exert downward pressure on the price. Globally weak credit growth, inflation risk, and potential tighter regulations are also matters the cryptocurrency market is closely monitoring.
According to data from CoinMarketCap, Bitcoin’s price was above $116,000 at the time of writing. The potential bond buybacks by the U.S. Treasury Department, as highlighted by Hayes, are among the key considerations for market participants. Developments in this area are likely to significantly influence investors’ risk appetite and Bitcoin’s future price movements.
