Arthur Hayes Warns Trump-Controlled Fed and YCC Could Propel Bitcoin to $3.4M by 2028 on $15.2T Credit Surge

Arthur Hayes, writing for COINOTAG on September 23, outlined Bezent’s reindustrialization proposal that centers on seizing influence over the Federal Reserve to implement Yield Curve Control (YCC). Hayes describes a framework where the Interest on Reserves (IORB) and the Discount Window Rate anchor short-term yields, while the Fed compresses long-term rates via balance-sheet expansion and large-scale bond purchases.

Hayes also presented a hypothetical impact assessment, suggesting material credit expansion and referencing pandemic-era liquidity effects on Bitcoin as context; he estimated a potential combined new credit pool of $15.2 trillion. These figures are framed as speculative scenario analysis rather than empirical forecasts, and market participants should treat them cautiously when considering macroprudential and asset-price implications.