Arthur Hayes Is Betting on the Fed To Send Bitcoin to the Moon

Key Takeaways

• Arthur Hayes believes Bitcoin could reach $1 million by 2028.
• His prediction is tied to the Federal Reserve’s potential return to quantitative easing.
• Other longtime Bitcoin bulls have made similar predictions, but few with a timeline.

Arthur Hayes, co-founder of BitMEX, is confident Bitcoin will reach $1 million by 2028.

Speaking at Token2049, Hayes laid out his case: the U.S. government will eventually have no choice but to inject liquidity into the system, whether through direct money printing or a return to quantitative easing (QE).

That, he argues, will send Bitcoin—and other scarce digital assets—into the stratosphere.

Hayes Sees $1 Million Bitcoin by 2028

“The U.S. will need to increase dollar liquidity through measures similar to quantitative easing, which could drive up cryptocurrency prices,” Hayes said.

QE is a monetary strategy where the Federal Reserve buys long-term securities, usually government bonds, to inject money into the financial system.

The goal is to lower interest rates, encourage lending, and stimulate economic activity, especially when traditional tools like rate cuts aren’t enough.

Hayes believes that this kind of Fed action will fuel a massive wave of capital flowing into Bitcoin, especially as institutional interest continues to grow and traditional assets face headwinds.

Not Just Another Moon Prediction

Wild Bitcoin price predictions are nothing new. For years, crypto influencers like Michael Saylor, Max Keiser, Tom Lee, and Samson Mow have claimed Bitcoin would eventually hit $1 million, but most of those forecasts lacked a specific timeframe.

Hayes, by contrast, is tying his prediction to a timeline: within the next three years, or not long after the next Bitcoin halving cycle, which cuts new BTC supply in half every four years.

Unlike some of the more breathless Bitcoin bulls, Hayes has often taken a more grounded and technical approach.

He was among the few to accurately call for a local top near $100,000 and a subsequent pullback to the $70,000–$75,000 range.

With Bitcoin now hovering near $100,000 again, his long-term view is gaining attention.

From Long Shots to Serious Bets

As recently as two cycles ago, a six-figure Bitcoin was considered wishful thinking. Today, it’s reality. That’s fueling fresh optimism from investors who believe the next parabolic move could push Bitcoin into seven-figure territory.

And it’s not just speculation driving the narrative. Hayes’ $1 million prediction comes as high-level political figures in the U.S., including President Donald Trump, have openly discussed creating a national Bitcoin reserve.

Trump has also called on the Fed to cut interest rates to stabilize the economy, echoing Hayes’ broader macro outlook.

Despite the Fed holding rates steady for now, Bitcoin has climbed more than $20,000 in recent weeks, buoyed by cooling inflation fears and easing pressure from U.S.–China tariff tensions.

In crypto, predictions come easy but they don’t always come true. Still, Hayes’ latest call is catching attention not just for the number, but for the logic behind it: if the Fed turns the money printer back on, Bitcoin may be one of the biggest beneficiaries.