BitMEX co-founder Arthur Hayes is confident Bitcoin’s price could climb to $1 million within the next few years, driven by macroeconomic forces and shifting investor sentiment.
In a recent interview, Hayes said expanding U.S. government debt and inevitable monetary easing will likely serve as tailwinds for Bitcoin. He argued that historical patterns show the digital asset tends to perform best during periods of aggressive money printing—conditions he believes are only intensifying.
Citing rising costs tied to entitlement programs, defense spending, and growing interest payments, Hayes noted that neither political party has proposed meaningful fiscal restraint. Whether under President Biden or Trump, the deficit trajectory remains upward, he said, which further supports Bitcoin’s long-term appeal.
According to Hayes, structural spending pressures—such as increased military budgets and mandatory payments like Social Security and Medicare—make it nearly impossible for the U.S. government to cut back without triggering serious disruption. This unsustainable path, he suggests, will lead to further devaluation of the dollar, making Bitcoin an attractive hedge for institutions and individuals alike.
He also emphasized that Bitcoin’s growing status as a strategic reserve asset is now entering the institutional mainstream. With regulated ETFs now trading and an evolving perception of Bitcoin as a safe-haven asset, Hayes believes the digital currency is transitioning from a speculative bet to a long-term macro hedge — particularly in an era of waning U.S. global dominance.
Hayes added that the psychological shift among traditional investors is equally important. With the rise of Bitcoin ETFs, many asset managers now view BTC not as a volatile tech play, but as digital gold — a tool for long-term capital preservation. If this narrative continues to gain traction, he believes we could witness a snowball effect of institutional adoption, further reinforcing Bitcoin’s upward trajectory.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoins-best-days-are-ahead-says-bitmex-founder-heres-why/