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BitMEX founder Arthur Hayes made headlines once again with a bold prediction during his speech at the TOKEN2049 event in Dubai. Hayes forecasted that Bitcoin’s price could reach $1 million by 2028, sparking intense discussion across the crypto community.
According to Hayes, if the U.S. increases dollar liquidity, it could significantly boost demand for risky assets like Bitcoin. More liquidity means more money flowing into the markets, which could result in a substantial price surge for digital assets.
On another note, Hayes pointed to former President Donald Trump’s inconsistent statements on tariffs as a key reason behind ongoing market uncertainty. Although Trump’s aggressive tariff plans have been postponed for 90 days, Hayes warned that short-term volatility remains a risk.
Despite Bitcoin trading within a narrow range recently, investor interest remains strong. In fact, Hayes’ $1 million price target seems to be fueling further excitement among crypto enthusiasts.
What’s Next for Bitcoin’s Price in May 2025?
Bitcoin (BTC) has shown slow but steady gains over the past week, while increasing BTC outflows from exchanges have highlighted growing investor confidence.
Last week, BTC surged from $87,000 to $94,000, holding steady without triggering large-scale profit-taking. The absence of panic selling, especially among short-term holders, supports the notion of a healthy, sustainable rally.
Data from CryptoQuant indicates that BTC inflows into exchanges have continued to decline, suggesting that investors are moving their assets into cold storage for long-term holding. Negative net flows throughout April confirm that the market has entered a strong accumulation phase.
Additionally, the MVRV ratio has reached its highest level in recent months. While this shows some investors are already in profit, long-term holders have not yet realized significant gains—indicating that Bitcoin still has room to grow.
Experts suggest that the next target levels for Bitcoin could be $101,000 and $106,000, setting the stage for another potential breakout.
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