Bitcoin To $1 Million By 2028? Arthur Hayes Says It’s Inevitable.

“Bitcoin will reach $1 million between now and 2028,” says Arthur Hayes to me without hesitation in an interview on the sidelines of Token2049 in Dubai. He believes it’s a matter of inevitability.
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Arthur Hayes
Arthur Hayes, the outspoken co-founder and former CEO of BitMEX, is no stranger to volatility, be it in markets or in politics. But when he predicts that Bitcoin will hit $1 million by 2028, it is a macroeconomic thesis grounded in decades of monetary policy missteps, geopolitical recalibration, and the slow-motion collapse of the fiat system born in 1971.
A System Built On Sand
Hayes sees Bitcoin’s price action as a structural response to the erosion of financial sovereignty. When the U.S. decoupled the dollar from gold in 1971, it created a global financial system reliant on credit issuance, massive debt accumulation, and central bank intervention.
“The people who benefited the most are those who issue credit - commercial banks,” Hayes explains. “And anyone who challenges their dominance tends to fall afoul of regulators.”
From his perspective, Bitcoin’s rise is not a random fluke, it’s a very clear reaction. A decentralized, scarce, programmable asset stands in stark contrast to the highly centralized, inflationary fiat model.