 
 
Arthur Hayes believes Bitcoin (BTC) will trade significantly higher than its current level within the next three years. However, the BitMEX co-founder and current Maelstrom CIO says $3.4 million per coin is overly bullish.
Money Printing Will Launch Bitcoin Into The Stratosphere By 2028… But
In a Tuesday blog post titled “Four, Seven,” Arthur Hayes suggested that money printing under the President Trump administration in a form similar to quantitative easing will push Bitcoin to new historic records.
The president strives to “preserve the fruits of the supposed empire for the ruling class,” a strategy attempted by his predecessors.
According to Hayes, the US would be forced to make a dramatic change in credit allocation in case another war against a more united and militarily strong Eurasian country erupted. “And therefore, I proclaim with extreme confidence regarding money printing, these crackers ain’t playin’,” he stated.
To achieve this, Trump will have to gain influence over the U.S. Federal Reserve, thus nudging monetary policy toward money printing through a potential deal with the US Treasury.
 
“The point is, do not doubt that team Trump will use all the tricks in the book to print the money this transformation of America requires,” Hayes added.
The crypto OG went on to evaluate how Bitcoin could likely react. While estimating actual prices is next to impossible, previous experience hints at a seismic shift in the BTC price.
“The slope of the percentage increase in Bitcoin to a dollar of credit growth was ~0.19. Ladies and gentlemen, that results in a 2028 Bitcoin price prediction of $3.4 million!” Hayes reckons.
“Do I think Bitcoin will rise to $3.4 million by 2028? No, but I believe the number will be markedly higher than the ~$115,000 that it trades at today.”
He predicted earlier this year that Bitcoin would reach $1 million “sometime between now and 2028” due to a flood of liquidity as the US is unable to rein in spending and geopolitical factors.
The BTC price slumped from its monthly high of around $118,000, falling as much as 5% to Tuesday’s intraday low of $111,644. This marks a 9.1% drawdown from the $124,128 all-time high registered last month, according to CoinGecko data.