BitMEX co-founder Arthur Hayes has once again stirred debate in the crypto space, this time pointing to stablecoins as the key to both U.S. dollar supremacy and a coming surge in decentralized finance.
In his latest blog post, Hayes argued that Washington could soon lean on stablecoins as a tool to reinforce dollar dominance. He suggested Treasury Secretary Scott Bessent might use tokenized dollars to funnel retail savings into U.S. government bonds, offsetting the reduced demand from foreign central banks that have increasingly turned to gold since the 2008 financial crisis.
According to Hayes, this strategy could redirect trillions of dollars into the crypto ecosystem while simultaneously reducing the U.S. fiscal deficit. He sees it as a win-win: stronger demand for Treasuries, and explosive growth for digital asset markets.
Altcoin Picks With Massive Upside
Hayes also revealed he has returned to buying altcoins following Ethereum’s recent rally, singling out three tokens he believes could deliver extraordinary returns by 2028.
- HYPE (Hyperliquid) – Hayes reaffirmed his eye-catching forecast of a 126x gain, calling it one of his highest conviction bets.
- Ethena (ENA) – Projected to surge 51x, supported by its role in reshaping the stablecoin and yield ecosystem.
- Ether.fi (ETHFI) – Expected to climb 34x, as liquid restaking and decentralized staking services grow.
Beyond these picks, Hayes highlighted Codex, a stablecoin initiative he describes as “the first true crypto-native bank,” as the project he is most excited about long term.
The Bigger Picture
If Hayes is right, stablecoins could become more than just a bridge between traditional finance and crypto — they could underpin America’s global financial dominance while simultaneously setting the stage for the next great altcoin cycle.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-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 approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/arthur-hayes-says-these-3-altcoins-could-soar-up-to-126x-by-2028/