Key Points:
Bitcoin is expected to "rise significantly" by 2028, according to Arthur Hayes, but the prediction of $3.4 million per coin is overly optimistic.
The rise in BTC prices due to credit growth may not match past performance.
The U.S. restarted money printing under the Trump administration, paving the way for BTC price expansion.
Former BitMEX CEO Arthur Hayes stated that Bitcoin's current price of $113,000 will "rise significantly" by 2028.
In his latest blog post titled "Four, Seven," released on Tuesday, Hayes believes a new round of money printing will drive Bitcoin prices to new highs.
Arthur Hayes believes that the money printing under the Donald Trump administration will lead to a significant rise in Bitcoin over the next three years.
It is claimed that Donald Trump's goal is to "reserve the fruits of the so-called empire for the ruling class," similar to measures taken by previous U.S. presidents.
Hayes concluded, "Today, a new round of war with a more united, prosperous, and militarily powerful Eurasia (Russia, China, India, and Iran) requires a significant adjustment in credit policy."
To achieve this goal, Donald Trump needs to influence the Federal Reserve's monetary policy through personnel arrangements and may reach relevant agreements with the U.S. Treasury. Currently, the controversy surrounding Federal Reserve Governor Lisa Cook, appointed by the previous administration, is just the beginning.
The article continues to point out: "The key is not to doubt that the Trump team will exhaust all means to print money to meet the transformation needs of the United States."
Subsequently, Hayes analyzed the possible market response for Bitcoin and noted that while prices are difficult to predict accurately, past experience shows significant volatility.
He calculated: "The percentage growth slope of Bitcoin for every dollar of credit growth is about 0.19. This means the Bitcoin price prediction for 2028 is $3.4 million!"
Hayes is no stranger to Bitcoin price targets, and seven-figure predictions have become a regular part of his analysis of the future of the global economy.
In March of this year, Hayes received a pardon from Trump. He had previously predicted that the Bitcoin price would reach $1 million by 2028 due to international capital controls and the "repatriation" of overseas wealth.
Last week, Hayes reiterated the $1 million target on the X platform, pointing out that the liquidity conditions of government bonds are the reason for the collective surge in the crypto market.
However, not everyone agrees with this view. Andre Dragosch, head of European research at crypto asset management firm Bitwise, called the liquidity argument "nonsensical."
According to ongoing reports from Cointelegraph, market expectations for a loose financial environment remain high, with the Federal Reserve expected to cut interest rates again at the October meeting.
Related: Cryptocurrency funds saw an inflow of $1.9 billion last week, with Bitcoin (BTC) ETFs continuing their upward trend.
Original article: “Can Bitcoin (BTC) Price Reach $3.4 Million by 2028? Arthur Hayes Doesn’t Think So”
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