Key points:
Bitcoin will be “markedly higher” by 2028, Arthur Hayes says, but $3.4 million per coin is too bullish.
BTC price increases from credit growth may not match past performance.
US money printing is back with the Trump administration, opening the path to BTC price expansion.
Bitcoin (BTC) will trade “markedly higher” than its current $113,000 by 2028, says former BitMEX CEO Arthur Hayes.
In his latest blog post, “Four, Seven,” released Tuesday, Hayes sees money printing taking BTC price action to new records.
Hayes sees BTC price “markedly higher”
US money printing under the Donald Trump administration will be what launches Bitcoin into the stratosphere in just three years, Arthur Hayes believes.
Trump’s supposed aim is to “preserve the fruits of the supposed empire for the ruling class” — something already attempted by US Presidents before him.
“Today, another war against a more united, prosperous, and militarily strong Eurasia (Russia, China, India, and Iran) requires a drastic change in credit allocation,” Hayes summarized.
“And therefore, I proclaim with extreme confidence regarding money printing, these crackers ain’t playin’.”
To do this, Trump needs to gain sway over the Federal Reserve, with his placements steering monetary policy toward money printing via a potential deal with the US Treasury. The ongoing debacle involving Fed governor Lisa Cook, appointed by the previous administration, is just the start.
“The point is, do not doubt that team Trump will use all the tricks in the book to print the money this transformation of America requires,” the post continued.
Federal Reserve Board of Governors data (screenshot). Source: Arthur Hayes/Substack
Hayes goes on to consider how Bitcoin might react. While estimating actual prices is next to impossible, previous experience hints at a seismic shift in the BTC price.
“The slope of the percentage increase in Bitcoin to a dollar of credit growth was ~0.19. Ladies and gentlemen, that results in a 2028 Bitcoin price prediction of $3.4 million!” he calculated.
“Do I think Bitcoin will rise to $3.4 million by 2028? No,…..
