Hayes Predicts $3.4M Bitcoin: Fed & Stablecoin Shifts

Hayes Predicts $3.4M Bitcoin: Fed & Stablecoin Shifts

Former BitMEX CEO and Maelstrom Fund manager Arthur Hayes has put forward a bold prediction: Bitcoin could reach an astonishing $3.4 million by 2028. This figure, while eye-catching, is rooted in a complex tapestry of assumptions concerning future credit growth, strategic debt buying by central banks, and significant policy shifts, particularly within the United States Federal Reserve. Hayes substantiates his mathematical projection by forecasting an estimated $15.3 trillion in combined credit growth from the Federal Reserve and commercial banks through to 2028. A key component of this model is the assumption that the Fed will acquire 50% of all newly issued Treasury debt, alongside a projected $7.57 trillion increase in commercial bank credit. These pillars form the fundamental economic bedrock upon which his Bitcoin valuation stands. The Anticipated Federal Reserve Policy Shift A pivotal element of Hayes’s argument hinges on the assertion that control over the Federal Reserve will beco…