Bitcoin Price Target: $1M by 2030 as Hayes Sees 'Hated Rally' Begin

Arthur Hayes, co-founder of BitMEX, predicts Bitcoin could hit $1 million by 2030. He believes the market has likely bottomed near $58,000-$60,000 and is poised for a 'hated rally' as the US moves towards de facto yield curve control.

Hayes attributes this shift to Treasury Secretary Scott Bessent's long-end Treasury buybacks, which he sees as a signal that the US is moving towards yield curve control. He notes that while officials may not call it yield curve control, 'at the end of the day, it’s money printing.'

Hayes made the case that the US government must be able to issue debt affordably and that if long-term yields threaten this system, policymakers will 'print as much money' and change as many rules as needed. He believes Bitcoin, Ethereum, and other crypto assets should respond well to this.

In a bullish scenario, Hayes sees a slow grind higher for Bitcoin, with potential targets of $150,000 by year-end and $1 million by 2030. However, he warns investors not to treat price targets as precision forecasts: 'I predict the narrative. Then you pick the fastest horse.'