Bitcoin ($BTC) has been making notable surges over the past few months, surpassing the $100K mark after significant decline seen during January-March 2025. As per Arthur Hayes, MitMEX co-founder, the Bitcoin’s current market outlook shows its potential to reach $1 million by 2028 while the U.S. treasury is experiencing devaluation, and capital is flowing out of the market. The well-known entrepreneur explained the current market scenario and Bitcoin’s potential edge over the traditional finance in a recent publication.

Arthur Hayes Anticipates $BTC’s Rise to $1M by 2028 as U.S. Capital Flows Go South

Arthur Hayes anticipates Bitcoin’s surge to the $1M mark by the year 2028 while taking into account the current devaluation faced by the financial market. Hence, he has stressed the prevailing inflation in the financial system of the U.S. in comparison with the obesity epidemic. Hayes argues that the both of the respective scenarios are potentially plagued with regular dysfunction maintained by political and corporate complacency. Thus, the continuation of the current downturn in the economy, Bitcoin ($BTC) could jump to a massive extent over the next few years.

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Hayes is of the view that amid the exit of foreign capital, gold and Bitcoin will likely become the borderless safe havens. This will ultimately lead to a demand collapse in the case of the U.S. treasuries. As a result of this, the authorities will start money printing on domestic level to bridge the gap caused by capital withdrawal and inflation. Nonetheless, this will raise demand for $BTC and gold as their potential to offer a hedge against inflation will attract investors.

Ongoing U.S. Financial Devaluation Fortifies Bitcoin Market Position for Further Growth

According to Hayes, once dependable purchasers of U.S. property, bonds, and stocks will start redeeming their capital, a downward spiral will begin. Hence, a great amount of capital will move toward Bitcoin ($BTC) and gold. Even now, the current statistics highlight the rise in demand for Bitcoin ($BTC) while the traditional market is going through an enormous downtrend. Therefore, the continuation of this momentum could push $BTC toward the $1M mark by 2028.