Arthur Hayes: Bitcoin will reach $ 1 million by 2030

Former BitMEX CEO and macroeconomic analyst Arthur Hayes said that the rise in the price of bitcoin BTC $105,699.96 Bitcoin -2.39% Market capitalization $2.1 trillion VOL. 24 hours $2.26 billion to $ 1 million by the end of this decade is not just a possible scenario, but almost inevitable under current economic conditions. Speaking at the Bitcoin 2025 conference, he emphasized the key factors that create the preconditions for such a leap.

Hayes recalled that during the COVID-19 pandemic, $ 4 trillion of stimulus funds were injected into the US economy, which contributed to the growth of bitcoin from about $ 3,800 to $ 70,000 in 20 months — almost 10 times. In his opinion, if the amount of additional liquidity is doubled by 2028, this will create a favorable environment for the growth of hard assets, including BTC.

Hayes paid special attention to the effect of exchange-traded funds (ETFs), which actually remove large volumes of bitcoin from free circulation. This reduces the supply for spot buyers and increases volatility, and thus the growth potential. The increase in the number of long-term holders and institutional investors only deepens the asset’s shortage.

«If we have pumped double the amount of money into the financial system, then a million-dollar bitcoin becomes an easy scenario,» Hayes summarized. His prediction is in line with the general sentiment among bullish cryptocurrency investors who expect a new supercycle amid devaluation of fiat currencies, reduced supply on exchanges, and the growing role of institutions.