Arthur Hayes Predicts Bitcoin $200K by End of 2025, $1M by 2028 as US Bond Repurchases Unlock Liquidity

COINOTAG News on September 15 reported BitMEX co-founder Arthur Hayes said that the Bitcoin price could reach $200,000 by end‑2025, a projection he ties to potential U.S. Treasury bond repurchases as the principal macro catalyst.

Hayes contends that sizeable Treasury buybacks would function as a liquidity injection, compressing bond volatility and encouraging risk‑on allocations; those dynamics, in his view, could materially support elevated Bitcoin prices by reallocating institutional and retail capital toward crypto.

On the long horizon, Hayes links continued deficit spending and monetary accommodation to rising demand for digital stores of value, projecting up to $1 million for Bitcoin by 2028 — a conditional, policy‑dependent forecast rather than an assured outcome.