Bitcoin can ride international macro tailwinds all the way to seven figures in just three years, says former BitMEX CEO Arthur Hayes. <\/p>\n
Key points:<\/strong><\/p>\n US Treasurys and foreign capital \u201crepatriation\u201d make a recipe for $1 million BTC, says Arthur Hayes.<\/p>\n<\/li>\n Europeans face tightening capital controls, inviting a recommendation to take back control of personal funds.<\/p>\n<\/li>\n Seven-figure BTC price targets are already gaining traction.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) will shoot to $1 million in just three years, thanks to global macroeconomic shifts, Arthur Hayes forecasts.<\/p>\n In his latest blog post<\/a> released on May 15, the former CEO of crypto exchange BitMEX doubled down on his sky-high BTC price prediction<\/a>.<\/p>\n Bitcoin has two strong tailwinds that will help propel it to seven digits in a few years.<\/p>\n For Hayes, shifting capital controls worldwide and US Treasury \u201cdevaluation\u201d means that Bitcoin will become the go-to safety net for investors everywhere.<\/p>\n He summarized:<\/p>\n \u201cForeign capital repatriation and the devaluation of the gargantuan stock of US Treasurys will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028.\u201d<\/p><\/blockquote>\n While that date may appear arbitrary and demand 900% BTC price gains, Hayes argued that the financial landscape could change in an instant, depending on the next US governmental administration.<\/p>\n \u201cI say 2028, because that is when the next US presidential election occurs and who knows what type of politician will win and what policies they will enact,\u201d he said.<\/p>\n While the presidency of Donald Trump has enacted various pro-crypto policies, this could begin to reverse if a shift in government were to occur. In Europe, meanwhile, an increasing desire to control and even suppress crypto use by the general population signals a growing divergence.<\/p>\n \u201cNot even China has banned the private ownership of Bitcoin because it knows it\u2019s counterproductive and impossible,\u201d Hayes wrote.\u00a0<\/p>\n \u201cFor you Euro-poor-peans, whose governments practice a less effective form of communism than China, don\u2019t expect the European Central Bank (ECB) to learn this lesson without trying. Therefore, get your money out now!\u201d<\/p><\/blockquote>\n As Cointelegraph reported, Hayes has not been shy about predicting both short-term and longer-term BTC price expansion in the years to come.<\/p>\n Related: <\/strong><\/em>Bitcoin looks \u2018ridiculous\u2019 as bulls attempt $2T market cap flip \u2014 Analyst<\/strong><\/em><\/a><\/p>\n In April, he foresaw<\/a> the return to $100,000, and before that, joined those seeing the mid-$70,000 zone<\/a> as a likely local bottom.<\/p>\n Multimillion-dollar targets<\/a> for the next decade include those of major financial players<\/a> such as Fidelity Investments.<\/p>\n Michael Saylor, CEO of business intelligence firm Strategy, which has the world\u2019s largest Bitcoin treasury of any public company, said this week that he envisaged a $10 trillion valuation<\/a>.<\/p>\n \u201cMy forecast for 2045 is 13 million a Bitcoin,\u201d he added.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n\n
Bitcoins Hayes: $1 million Bitcoin due \u201cbetween now and 2028\u201d<\/h2>\n
Bitcoins Betting on a seven-figure breakout<\/h2>\n