Trump Intends to Increase Money Supply to Boost Bitcoin Price to $1,000,000 by 2028: Arthur Hayes' Prediction
BitMEX founder Arthur Hayes is boldly predicting the price of Bitcoin (BTC) will skyrocket to seven figures within the next three years.
At the TOKEN2049 crypto conference in Dubai, Hayes shared his thoughts, stating, "We're looking at a $1 million [BTC] by 2028, because we're going to print more money in Trump's 2.0 than Biden did in his term."
Hayes' prediction hinges on the potential easing of US monetary policy, which could boost Bitcoin's price much like it did during previous bull runs. He suggests that Trump, if he regains the presidency in 2024, will inject liquidity into the markets in an attempt to stimulate the economy and secure a win during the 2026 midterm elections.
Additionally, Hayes believes that the breakdown of US-China trade talks could lead to Fed money printing, driving Bitcoin prices even higher. Citing historic trends, he remarks, "Because of this secular change in the relationship between the two largest economic and military powers will be funded with printed money, Bitcoin is going to go much higher than it did from 2022 to 2025, and that, my friends, is a road to $1 million Bitcoin."
Currently, Bitcoin is trading around $103,287, having held steady throughout the day.
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Footnotes:
- The BitMEX founder, Arthur Hayes, expects Bitcoin's price to reach seven figures by 2028, attributing his prediction to potential easing of US monetary policy and increased money printing, particularly under a Trump presidency in 2024.
- As the breakdown of US-China trade talks could potentially lead to Fed money printing, Hayes believes this would drive Bitcoin prices up, following the trend seen from 2022 to 2025.
- Investors would do well to keep an eye on political developments alongside general news related to cryptocurrencies like Bitcoin, altcoins, and the blockchain, as these elements may significantly influence future market trends.
