BitMEX Lianchuang: Bitcoin price may rise to $200,000 in 2025, with a target of $1 million in 2028

In his latest interview, BitMEX co-founder Arthur Hayes predicts that Bitcoin price may climb to $200,000 by the end of 2025, with U.S. Treasury bond buybacks being the main driver. The potential U.S. government’s bond repurchase program will inject new liquidity into the economy, which can direct investors’ capital flows to riskier assets, including Bitcoin, by reducing volatility in the Treasury market and freeing up capital. 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.