Arthur Hayes predicts BTC could reach $3.4M by 2028

BitMEX co-founder Arthur Hayes has predicted that Bitcoin could reach $3.4 million by 2028 as the U.S. issues new government bonds to repay existing debt and cover its fiscal deficit. In a blog post, Hayes argued that President Donald Trump's mission to strengthen U.S. hegemony will require significant money printing. He estimated that the U.S. Treasury will need to issue $15 trillion in new bonds by 2028. Citing an analysis that found Bitcoin's price rises approximately 0.19% for every one-dollar increase in U.S. debt, Hayes calculated that this could push the price of BTC as high as $3.4 million. While acknowledging the probability of reaching this level is low, he added that a significant increase from the current $115,000 is expected and that continued large-scale fiscal spending by Trump could make Bitcoin the most promising investment asset.