From Yahoo Finance: 2025-05-04 08:31:00

BitMEX founder Arthur Hayes predicts a significant rally for risk assets, including cryptocurrencies. He maintains an ambitious price target for Bitcoin. Other analysts also share bullish sentiments towards Bitcoin in the coming years amid market uncertainty and potential government intervention. Hayes predicts Bitcoin could hit $1 million by 2028, citing expected economic policies from Trump.

Market conditions have drawn comparisons to past crashes like the Great Depression and COVID-19. Despite easing tensions, recession fears are growing. Hayes believes the U.S. government will inject liquidity into the markets soon. He sees a repeat of past actions where the Treasury stepped in with buybacks, benefiting the cryptocurrency market and potentially pushing Bitcoin to $1 million by 2028.

Hayes and Standard Chartered’s Geoffrey Kendrick view Bitcoin as a hedge against Trump’s policies. Hayes sees Bitcoin as a refuge from the erratic nature of Trump’s decisions, likening it to gold. He predicts Bitcoin will rise to $1 million by 2028, aligning with his previous calls. The asset is currently trading at $97,000, up nearly 4% on the day.

Read more: Arthur Hayes Says, ‘It’s Time To Go Long Everything,’ Predicts $1M Bitcoin By 2028