Arthur Hayes Declares: It’s Time to Buy Bitcoin and Altcoins
Bitcoin bulls just received a major boost of confidence from one of the crypto industry’s most outspoken voices. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, has publicly reiterated his bold forecast: Bitcoin is on track to reach $1 million by 2028.
Hayes: “Go Long Everything”
Speaking at Token2049 Dubai, Hayes told a packed crowd that “it’s time to go long everything”—including Bitcoin, altcoins, stablecoins, and even traditional markets. According to Hayes, this isn’t just speculation—it’s an inevitable outcome driven by macroeconomic forces that favor risk assets.
At the core of his thesis is a belief that the U.S. Federal Reserve will soon return to money printing, forced by ballooning fiscal deficits, a fragile bond market, and trade policies that disrupt global economic stability. Hayes argues these factors will create a liquidity environment similar to previous bull runs.
Echoes of 2022 and the Liquidity Storm Ahead
Hayes compared today’s setup to Q3 2022, a time marked by fear-driven headlines, rising interest rates, and the collapse of crypto giants like FTX. Yet behind the scenes, the Fed quietly injected $2.5 trillion into the repo market, helping risk assets recover.
He believes a similar setup is unfolding now—especially with former President Donald Trump’s renewed tariff threats. Hayes suggests such moves will lead to economic dislocation, prompting the Fed to quietly support Treasury markets by ending quantitative tightening or loosening reserve requirements.
“The Fed and banking system must step up to ensure a well-functioning Treasury market, which means Brrrr,” Hayes recently quipped on X, referencing the popular meme about money printing.
Bitcoin’s Momentum Builds
While Hayes’ thesis stirs the macro narrative, Bitcoin’s price action adds technical support. At the time of writing, BTC was trading at $94,569, down just 0.4% on the day. Over the past two weeks, it’s climbed 13.0%, and 15.4% in the last 30 days. Year-over-year, Bitcoin is up 49.2%, showing long-term strength amid global uncertainty.
Though short-term movements remain modest, Arthur Hayes’ declaration that it’s time to buy Bitcoin and altcoins is resonating across the market, especially among investors looking for asymmetric upside in a shifting macro environment.
