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Having lingered above the $100,000 threshold for over a week, bitcoin’s 
analysts and enthusiasts are meticulously dissecting every price move in 
pursuit of hints about its next direction. Meanwhile, prediction markets 
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by year’s end. Prediction Market Frenzy Prediction marketplaces such as 
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**Key points:**
 * US treasuries and foreign capital &#8220;repatriation&#8221; make a recipe for $1 million BTC, says Arthur Hayes.
 * Europeans face tightening capital controls, inviting a recommendation to take back control of personal funds.
 * Seven-figure BTC price targets are already gaining traction.
Bitcoin (BTC) will shoot to $1 million in just three years thanks to global 
macroeconomic shifts, Arthur Hayes forecasts.
In his latest blog post released on May 15, the former CEO of crypto exchange 
BitMEX doubled down on his sky-high BTC price prediction.
## Hayes: $1 million Bitcoin due &#8220;between now and 2028&#8221;
Bitcoin has two giant tailwinds that will help propel it to seven digits in 
just a few years.
For Hayes, shifting capital controls worldwide, as well as US treasury 
&#8220;devaluation,&#8221; mean that Bitcoin will become the go-to safety net for 
investors everywhere.
He summarizes:
&gt; &#8220;Foreign capital repatriation and the devaluation of the gargantuan stock of 
&gt; US treasuries will be the two catalysts that will power Bitcoin to $1 
&gt; million sometime between now and 2028.&#8221;
_TLT US exchange-traded fund indexed in gold, Bitcoin (screenshot). Source: 
Arthur Hayes/Substack_
While that date may appear arbitrary and demand 900% BTC price gains, Hayes 
argues that the financial landscape could change in an instant depending on 
the next US governmental administration.
&#8220;I say 2028, because that is when the next US presidential election occurs and 
who knows what type of politician will win and what policies they will enact,&#8221; 
he continues.
While the Presidency of Donald Trump has enacted various pro-crypto policies, 
these could also begin to reverse if a shift in government occurs. In Europe, 
meanwhile, an increasing desire to control and even suppress crypto use by the 
general population signals a growing divergence.
&#8220;Not even China has banned the private ownership of Bitcoin because it knows 
it&#8217;s counterproductive and impossible,&#8221; Hayes writes.
&gt; &#8220;For you Euro-poor-peans, whose governments practice a less effective form 
&gt; of communism than China, don&#8217;t expect the European Central Bank (ECB) to 
&gt; learn this lesson without trying. Therefore, get your money out now!&#8221;
## Betting on a seven-figure breakout
As Cointelegraph reported, Hayes has not been shy about predicting both short- 
term and longer-term BTC price expansion in the years to come.
_**Related:**__**Bitcoin looks &#8216;ridiculous&#8217; as bulls attempt $2T market cap 
flip &#8212; Analyst**_
In April, he foresaw the return to $100,000, and before that, joined those 
seeing the mid-$70,000 zone as a likely local bottom.
Multimillion-dollar targets for the next decade include those of major 
financial players such as Fidelity Investments.
Michael Saylor, CEO of business intelligence firm Strategy, which has the 
world&#8217;s largest Bitcoin treasury of any public company, told mainstream media 
this week that he envisages a $10 trillion valuation.
&#8220;My forecast for 2045 is 13 million a Bitcoin,&#8221; he added.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin to $1M by 2028 as Hayes tells Europe to ’get your money out’

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