Arthur Hayes Forecasts Crypto Bull Run Through 2028 as US Push for Government-Controlled Stablecoins Sends Liquidity to Ethena & Hyperliquid

COINOTAG News, Aug 25 — At the WebX Summit in Tokyo, BitMEX co-founder Arthur Hayes argued that recent shifts in US stablecoin policy could extend the current cryptocurrency bull market into 2028. Hayes framed the development as an effort by Washington to channel the estimated $10–$13 trillion Eurodollar offshore market toward a government-aligned stablecoin ecosystem to enhance fiscal oversight. He suggested that such reallocation would drive significant liquidity inflows into decentralized finance, identifying platforms like Ethena and Hyperliquid as potential beneficiaries. The comments reflect market participants’ focus on regulatory-driven capital flows and the evolving intersection of public policy and DeFi infrastructure.