Arthur Hayes Predicts Bitcoin To Hit $1 Million By 2028
Arthur Hayes, Chief Investment Officer of Maelstrom and co-founder of BitMEX on Thursday said that foreign capital repatriation and the devaluation of U.S. Treasury bonds will be the twin forces driving Bitcoin (CRYPTO: BTC) to $1 million within the next presidential cycle.
What Happened: His thesis is rooted in structural imbalances in the U.S. trade and capital accounts and the political imperative to resolve them not through austerity, but through capital controls and money printing.
“Foreign capital repatriation and the devaluation of the gargantuan stock of U.S. treasuries will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028,” Hayes wrote.
The essay dissects the growing tension between the U.S.’s reliance on foreign capital to finance its deficits and the political unwillingness to pursue hardline trade protectionism.
Hayes argues that tariffs are an insufficient tool for rebalancing trade flows and are politically unsustainable in the short term, especially when they raise consumer prices.
Instead, he predicts a shift to capital controls, specifically targeting the foreign ownership of U.S. …
About The Author
