Bitcoin is back at its bullish form and surging past $95,460, reaching a two-month high. Its market cap hit $1.88 trillion, with daily trading volume up 13% to $28 billion. The current price action sits just above the crucial $90K–$92K support range. Looking at the current scenario, Arthur Hayes, CIO of Maelstrom, has once again predicted that Bitcoin could reach $1 million by 2028.
Speaking at the Token2049 conference in Dubai, Hayes shared his strong belief that increasing dollar liquidity will be the main force behind a major crypto rally. He encouraged investors to take a bullish stance on both crypto and traditional stocks.
U.S. Liquidity Could Push Markets Higher
Hayes pointed out that the U.S. economy is likely heading for another round of money printing. He compared the current market to the third quarter of 2022, when fears around rising interest rates and the FTX collapse were high. At that time, the U.S. stepped in with $2.5 trillion through a funding program, helping markets recover. Hayes believes a similar wave of liquidity is coming, and this will benefit Bitcoin.
Trump’s Tariff Plans Create Market Stress
Market uncertainty has increased after President Donald Trump announced plans to impose heavy tariffs on major trading partners. Although the tariffs have been paused for 90 days, investors remain cautious. Hayes mentioned that Federal Reserve Chair Jerome Powell may not be willing to step in and ease market stress under Trump’s leadership. However, he believes hedge funds will step up by buying U.S. debt, which could quietly increase market liquidity.
According to Hayes, all of these points point to a strong environment for Bitcoin growth. As more money flows into the system, investors are likely to turn to assets like Bitcoin that can hold long-term value. Hayes strongly believes that this will push Bitcoin’s price to $1 million by 2028. With macro uncertainty and more liquidity on the horizon, he sees this as the perfect setup for a major bull run.
How High can Bitcoin Price Go?
On the flip side, Standard Chartered’s Geoffrey Kendrick projects BTC to reach $120K in Q2 and possibly $200K by year-end, supported by whale accumulation, macroeconomic realignment, and safe-haven flows from gold into BTC.
While, apsk32 expects BTC to hit $130K–$200K+ by year-end, citing network growth, accumulation, and four-year market cycles. Sina notes Bitcoin is now in the “Transition” phase, with milestones at $130K and $163K before acceleration begins.