BitMEX co-founder and prominent American businessman Arthur Hayes has projected that Bitcoin would rally to seven-figure prices faster than most anticipate.
He stated during an interview at the Korea Blockchain Week (KBW) 2025 that Bitcoin would soar to $1 million by the end of 2028. The timeline is barely three years away, but Hayes expressed optimism that Bitcoin could surpass the price mark by then, sharing why he is convinced it will happen.
Bitcoin to Soar to $1M on US Money Printing
Notably, Hayes says that accelerated money printing by the Donald Trump administration will drive Bitcoin to this price level. He noted that the current administration will end in the next three years, and before then, they would have printed enough dollars to push BTC over his projected price target.
The prominent industry leader has been big on quantitative easing and its impact on the price of Bitcoin. Historically, when the US government lowers interest rates, the money supply tends to increase. Sometimes, to fuel this, they print more money, which increases inflation and consequently decreases the value of the dollar.
The Federal Reserve recently slashed interest rates by 25 basis points, a figure Trump believes should be higher. He has incessantly called on the US central bank to cut rates, insisting it would reduce the interest the government pays on its debt.
If the central bank continues to yield to Trump’s pressure, then many suggest that money printing is inevitable. Hayes is among those in that school of thought, predicting that the current administration will print a lot before their tenure expires.
Remarkably, Bitcoin has thrived in these circumstances, and Hayes believes history will repeat. His Bitcoin to $1 million prediction would require a 786% spike from the current price of $112,894.
Coinbase CEO Doubles Down on Bitcoin to $1M Prediction
In a parallel development, Coinbase CEO Brian Armstrong also reiterated his forecast that Bitcoin will reach $1 million by 2030. He doubled down on this prediction in his tweet today, citing his comments from a recent appearance on FOX Business.
I think Bitcoin could reach $1M by ~2030 based on current conditions and progress.
Think long-term. pic.twitter.com/6MKqrjojAP
— Brian Armstrong (@brian_armstrong) September 24, 2025
Meanwhile, his bullish disposition comes from several factors, including the numerous tailwinds in the cryptocurrency ecosystem. He said Bitcoin was like gold and has thrived in periods of economic uncertainty.
Furthermore, he cited emerging regulatory clarity, such as the GENIUS Act and the Market Structure bill, as a factor that could clear Bitcoin’s path to $1 million. Notably, the GENIUS Act has been passed into law, but the CLARITY Act now awaits approval from the US Senate.
Armstrong further noted that the US now has a strategic Bitcoin reserve. According to him, such adoption will lead the G20 and other countries to adopt Bitcoin, increasing demand.
Additionally, he also tipped new investment vehicles like the Bitcoin spot exchange-traded funds (ETFs) to attract liquidity to Bitcoin. With these demand points and just 21 million BTC ever to exist, Armstrong believes the premier crypto asset has a long way to go.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
