Arthur Hayes: Bitcoin price may climb to $200,000, 2028 target of $1 million

According to ChainCatcher, BitMEX co-founder Arthur Hayes predicted in his latest interview that the price of Bitcoin may climb to $200,000, and U.S. Treasury bond repurchases are the main driving force. Hayes believes that the potential U.S. government bond buyback program will inject new liquidity into the economy, and by reducing volatility in the Treasury market and freeing capital, it can direct investors' capital flows to riskier assets, including Bitcoin. This macro environment will become a catalyst for a sharp rise in Bitcoin prices, and if favorable conditions continue, the Bitcoin price may reach $200,000 by the end of the year. Arthur Hayes further extends its bullish stance to the long term, believing that Bitcoin’s price could reach $1 million by the end of 2028. He pointed out that this forecast is closely related to U.S. fiscal spending trends and broader political developments, and that ongoing deficit spending and monetary interventions will weaken people's confidence in fiat currencies, thereby promoting the popularity of Bitcoin as a hedge tool.