Arthur Hayes Says, 'It's Time To Go Long Everything,' Predicts $1M Bitcoin By 2028

• BitMEX founder Arthur Hayes is convinced that risk assets, including cryptocurrencies, are about to experience a significant rally.
• Hayes has reiterated an ambitious price target for Bitcoin.
• Hayes is not the only analyst who is bullish on Bitcoin over the next few years.

Market conditions in the past few months have drawn comparisons to everything from the COVID-19 crash to the Great Depression as President Donald Trump complicated a delicate dance with inflation with a trade war. While tensions appear to be easing, some argue that the damage has already been done and recession fears are mounting.

Against this backdrop, one prominent market analyst is significantly bullish on, well, “everything,” especially Bitcoin, the largest cryptocurrency by market capitalization. 

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‘Long Everything’

“It’s time to go long everything,” BitMEX founder and Maelstrom Chief Investment Officer Arthur Hayes said during a Wednesday keynote speech at the Token 2049 event in Dubai.

Hayes’ market optimism is based on an expectation that the U.S. government will inject liquidity into the markets soon.

Reiterating ideas from his most recent Substack essay, Hayes compared the state of the market to Q3 2022. As he highlighted, this was also a significantly uncertain time in the market, marked by consecutive interest rate hikes from the Federal Reserve and several bankruptcies in the cryptocurrency space, culminating in the FTX collapse in Q4. But things turned around as the Treasury stealthily stepped in with a buyback program that injected $2.5 trillion into the markets, he said.

Hayes believes that markets are about to see a repeat of this action. Amid the current economic uncertainty and the Federal Reserve’s unwillingness to intervene with rate cuts, he says the Treasury will step in with buybacks again.

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According to him, this will benefit the cryptocurrency market and Bitcoin, in particular. Specifically, he said, “Bitcoin is going to $1 million by 2028,” reiterating a prediction he has been making since November, citing anticipated economic policies from Trump.

Hayes’ sentiments about the impact of the Trump presidency on Bitcoin echo those of Standard Chartered digital assets research chief Geoffrey Kendrick. Unlike Hayes, however, Kendrick has set a more “conservative” target of $500,000 per BTC by the end of Trump’s presidency.

A Safe Haven On Par With Gold?

Hayes and Kendrick see Bitcoin emerging as a hedge for investors seeking refuge from Trump’s erratic policies. 

“Now that the global community believes Trump is a madman crudely and savagely wielding the tariff weapon, any investor with U.S. stocks and bonds is looking for something whose value is anti-establishment. Physically, that’s gold. Digitally, that’s Bitcoin,” Hayes said on April 23.

“Bitcoin will shed its association with tech stocks and will rejoin gold in the ‘Up Only’ cuddle puddle.”

Hayes’ Bitcoin price prediction seems outlandish, but it also previously seemed improbable that the asset would ever trade at $100,000. At last look, the asset is trading at $97,000, up nearly 4% on the day.

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