BitMEX founder Arthur Hayes has doubled down on his long-term bullish outlook for Bitcoin, predicting a meteoric rise to $1 million by 2028 driven by two key macroeconomic catalysts: foreign capital repatriation and the devaluation of the massive U.S. Treasury stockpile. Arthur Hayes Predicts Bitcoin Will Reach $1 Million by 2028 Hayes summarized his investment thesis in a blog post this week: “The repatriation of foreign capital and the devaluation of the massive U.S. Treasury bond holdings will be the two catalysts that will propel Bitcoin to $1 million between now and 2028.” Hayes also provided insight into his latest trading strategy, explaining that he reduced risk and increased fiat holdings in late January. He then began re-entering the crypto market in late March to early April, culminating in a “maximum long” position during what he referred to as “Liberation Day” meltdown in global financial markets. With the crypto market starting to recover and Bitcoin approaching its previous highs, Hayes said the focus has shifted to identifying high-quality altcoins, popularly referred to as “shitcoins,” that could outperform Bitcoin in the next phase of the bull market. “Now is the time to decide which quality shitcoins could outperform Bitcoin in the next rally,” Hayes said, signaling a broader appetite for risk and reward beyond the leading digital asset. Hayes’ comments come at a time when investors are increasingly interested in alternative assets as traditional markets confront inflation concerns, geopolitical uncertainty and structural shifts in monetary policy. Hayes’ bold $1 million Bitcoin prediction underscores growing sentiment that crypto could become a key hedge in the evolving global financial system. *This is not investment advice.