Renowned trader Arthur Hayes predicted on his blog on May 15 that Bitcoin (BTC) will surge past $1 million before 2028. He attributes this rally to the "devaluation of U.S. Treasuries" and "foreign capital repatriation," even urging Europeans: "Move your money out now, or you might not be able to access your assets!"

Two Major Catalysts for Bitcoin's Surge: Treasury Devaluation & Capital Repatriation

Hayes identifies two key drivers for Bitcoin's future rally:

1. Devaluation of U.S. Treasuries: As the U.S. continues to print money and expand its debt, foreign governments and investors holding U.S. Treasuries may face asset shrinkage.

2. Repatriation of Foreign Capital: With countries tightening financial controls, funds will withdraw from high-risk or heavily regulated nations, seeking alternatives that preserve value, such as Bitcoin.

   
   

Hayes bluntly states: "These two critical factors will push Bitcoin past $1 million before 2028."

2028 U.S. Election Results to Have Far-Reaching Impact

Hayes acknowledges that this prediction might seem wild, as Bitcoin would need to rise 900% from its current price of $100,000 per coin to reach the target. However, he explains:

"I mention 2028 because that's the year of the U.S. presidential election. Whoever takes office and what policies they implement could completely change the landscape."

The Trump administration has generally been crypto-friendly, but a shift in power could reverse policies. This means not only Bitcoin's price but the entire future of cryptocurrencies is tied to political changes.

Europe Faces Escalating Capital Controls, Hayes: Europeans, Get Out Now

Compared to the U.S., Hayes is more concerned about Europe's future. He bluntly states that Europe is moving towards Chinese-style financial controls but with less efficiency.

He even uses the term "Euro-poor-peans" as a play on words, warning people to "move your money out now!" or risk having their funds locked in the system.

Long-Term Bullish Sentiment Grows, $1 Million per Bitcoin Is Just the Beginning

Hayes has long been vocal about Bitcoin's potential. From predicting a rebound to $100,000 in April to calling $70,000 a short-term low, he remains firmly bullish. Many financial giants share this optimism:

1. Fidelity: Long-term bullish on Bitcoin's value appreciation.

2. MicroStrategy's Michael Saylor: Believes MicroStrategy's market cap could grow from $100 billion to $1 trillion, and eventually $10 trillion, with Bitcoin reaching $13 million per coin by 2045.

U.S. long-term Treasuries (TLT) have halved since 2021, with prices plummeting from highs to $35.50, signaling a significant shrinkage in the bond market. This reflects severe market concerns over future inflation, interest rate hikes, and fiscal deficits, eroding confidence in traditional safe-haven assets.

Bold Prediction or Foresight? The Market Awaits

Whether Bitcoin can truly skyrocket to $1 million in just three years remains uncertain. However, it's clear that the global financial environment is highly volatile, with factors like the U.S. election, central bank policies, and capital flows potentially triggering dramatic shifts.

Hayes' remarks may seem radical, but for many in the crypto community, they reflect a collective distrust of the traditional financial system. The next three years will be a true test of whether Bitcoin can prove itself as "digital gold."

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.