Arthur Hayes: Bitcoin price may rise to $200,000, with a target of $1 million by 2028

ChainCatcher news, BitMEX co-founder Arthur Hayes predicted in a recent interview that the price of Bitcoin could rise to $200,000, with U.S. Treasury bond repurchases being the main driving force. Hayes believes that the potential bond repurchase plan by the U.S. government will inject new liquidity into the economy, and by reducing volatility in the Treasury bond market and freeing up capital, it can guide investors' funds towards higher-risk assets, including Bitcoin. This macro environment will act as a catalyst for a significant increase in Bitcoin's price, and if favorable conditions persist, the price of Bitcoin could reach $200,000 by the end of the year.

Arthur Hayes further extends his bullish stance to the long term, believing that the price of Bitcoin could reach $1 million by the end of 2028. He pointed out that this prediction is closely related to trends in U.S. fiscal spending and broader political developments, as ongoing deficit spending and monetary intervention will undermine confidence in fiat currency, thereby promoting the adoption of Bitcoin as a hedge.