Arthur Hayes: Bitcoin Goes to $1 Million… Wall Street Forecast Also Readjusts to High

According to CryptoPotatoe on the 4th (local time), Arthur Hayes, co-founder of BitMEX and current Chief Investment Officer of Maelstrom, presented a long-term outlook that Bitcoin could reach $1 million by 2028. In an interview with analyst Kyle Chassé last week, he cited 'the collapse of the global financial system and the strengthening of digital scarcity' as the basis. In subsequent social media analysis, Chassé interpreted this as a 'transition to a system-off asset rather than a risk-on asset'. Hayes predicted that Bitcoin's price would rise in two stages. First, by the end of 2025, it would rise to $250,000 due to liquidity supply and market expansion. Afterward, he explained that BTC could enter a seven-digit price range due to a combination of factors such as US Treasury purchases, bond market panic, fiscal deficit expansion, and currency value dilution. He warned that the world economy is being divided into economic blocks centered on the US and China, which could lead to a collapse of trust in traditional assets. While Hayes' extreme scenario may seem radical, it is true that Wall Street's price forecasts have been significantly adjusted upward compared to the past. Tom Lee and H.C. Wainwright from Fundstrat predict BTC prices between $225,000 and $250,000 in 2025, while BlackRock and Social Capital CEO Chamath Palihapitiya have left open the possibility of reaching $700,000 and $500,000 respectively. Standard Chartered, Matrixport, and VanEck have also forecast that BTC could rise to between $200,000 and $250,000 by the end of this year. While Hayes' $1 million prediction is still far from the mainstream Wall Street view, the trend is similar in that traditional finance is resetting the upper limit of Bitcoin. The perception that Bitcoin can evolve from a mere speculative asset to a global value storage mechanism is gradually spreading.