47 In a daring prediction, BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) reaching $1 million by 2028. This is based on expected macroeconomic changes and the intrinsic nature of Bitcoin.Arthur Hayes Predicts Bitcoin’s Rise Amid Economic ShiftsArthur Hayes predicts that continued global monetary growth, especially in the U.S., will depreciate fiat money value. As governments continue to print money through quantitative easing to deal with debt, investors could increasingly look to Bitcoin as a hedge against inflation. Hayes feels this could drive the price of Bitcoin considerably higher.With a capped supply of 21 million coins, Bitcoin’s scarcity is one of the underlying factors in its value. Arthur predicts that with growing demand during times of economic uncertainty, the limited supply would propel prices up, in accordance with his forecast.The launch of Bitcoin exchange-traded funds (ETFs) in mainstream markets is expected to spur institutional investment. Arthur Hayes predicts that such launches will add credence and openness to Bitcoin, driving prices upward.Read More: Tornado Cash legal case | Arbitrum bull run | WIF market analysis | Meme Coin PromotersFAQs:1. Who predicted Bitcoin would hit $1 million by 2028?Arthur Hayes, co-founder of BitMEX, predicts Bitcoin could reach $1 million by 2028 due to macroeconomic shifts and rising institutional demand.2. What is the basis of Hayes’s $1M Bitcoin forecast?He cites ongoing fiat currency devaluation, Bitcoin’s limited supply, and the expected rise in institutional investment via ETFs.3. What are Hayes’s short- and mid-term BTC predictions?Hayes predicts a short-term correction to around $70K, followed by a mid-term rise to $250K by late 2025.4. How will Bitcoin ETFs influence price growth?ETFs are expected to legitimize Bitcoin in traditional finance, drawing significant institutional capital and boosting demand.5. Why does Bitcoin’s capped supply matter?Bitcoin’s fixed supply of 21 million coins creates scarcity, making it a strong hedge against inflation and fiat currency dilution.
