Arthur Hayes: Bitcoin Price Could Reach $200,000 by 2025, $1 Million by 2028

On September 15th, Arthur Hayes, a co-founder of BitMEX, predicted in a recent interview that by the end of 2025, the price of Bitcoin might rise to $200,000. The main driving force is the repurchase of U.S. Treasury bonds. Hayes holds the view that the U.S. government's potential bond repurchase plan will inject new liquidity into the economy. This will redirect investors' funds to higher-risk assets such as Bitcoin by reducing volatility in the bond market and releasing capital. This macro environment will act as a catalyst for a significant increase in the price of Bitcoin. If favorable conditions continue, the price of Bitcoin could potentially reach $200,000 by the end of the year. Arthur Hayes further expands his bullish stance in the long term and believes that the price of Bitcoin could reach $1 million by the end of 2028. He points out that this prediction is closely related to the trend of U.S. fiscal spending and broader political developments. Continued deficit spending and monetary intervention will undermine confidence in fiat currencies, leading to the widespread adoption of Bitcoin as a hedging tool.