Arthur Hayes: Bitcoin Could Reach $150,000–$200,000 by the End of the Decade

BitMEX co-founder and investment director of the Maelstrom fund Arthur Hayes shared a new perspective on the prospects of Bitcoin and digital assets. In an interview with Kyle Chass, he stated that the defining factor for the crypto market remains macro liquidity and the monetary policy of leading economies.

Hayes emphasized that he does not support the popular four-year cycle theory. In his opinion, Bitcoin could rise to $150,000–$200,000 by the end of the 2020s.

“In this context, cryptocurrencies, especially Bitcoin, show better dynamics than the S&P 500 and other traditional assets,” the expert noted, commenting on the expected large-scale money printing by the US Federal Reserve, the Treasury, and other central banks.

He added: “Governments have a strong need to print money. Yes, risks will arise at the end of the cycle, but that moment has not yet come.”

Previously, Hayes has made bold predictions:

• In April, he stated that Bitcoin could reach $1 million by 2028, citing President Donald Trump’s economic policy and dollar issuance;
• In May, he predicted a rise to $250,000 in 2025 and the start of an “altseason” at the $200,000 mark, highlighting Ethereum as a favorite; he also reported investing 20% of his portfolio in gold, expecting it to rise to $10,000–$20,000;
• In August, he warned of a possible Bitcoin pullback to $100,000 due to macroeconomic risks, selling more than $13 million in cryptocurrency.

Despite the ambiguity of assessments, Hayes remains one of the most influential figures in the crypto community, shaping the discussion about the future of Bitcoin and digital assets.