TLDR;
- Hayes believes Bitcoin could hit $200,000 by July due to market uncertainty
- Fed may resume aggressive money printing similar to Q3 2022
- Rising inflation and policy easing expected to boost crypto industry growth
- Ethereum and Solana projected to follow Bitcoin’s upward trend
Bitmex ex-CEO Arthur Hayes is once again doubled down on his bold prediction on Bitcoin, noting that the crypto asset will hit $200,000 by July 2025 and soar to $1 million by 2026.
Market Chaos to fuel BTC to $200K
Speaking in a Friday interview on the Milk Road Show, the former BitMEX CEO laid out a detailed macroeconomic case for why the stars are aligning for Bitcoin to go parabolic. Notably, the crypto mogul identified April 9th, 2025, as a critical turning point in financial markets. Following chaos sparked by unexpected U.S. tariff announcements on April 2nd, volatility surged across bond markets, measured by the MOVE Index, which hit its third-highest level in decades. This, according to Hayes, signaled to him that liquidity interventions were inevitable.
“The Treasury market is the most important market in the world,” Hayes said. “When it breaks, governments act. That’s exactly what happened. Treasury Secretary Bessant hinted at buybacks, and the markets pivoted.”
Since that day, Bitcoin has rallied strongly from a local bottom of around $74,500, rising over 30% in just a few weeks. But Hayes believes this is only the beginning. He expects Bitcoin to break above $110,000 imminently, then surge through $150,000 to $200,000 by early July, driven not just by macro liquidity but also pure FOMO.
“Once we eclipse previous highs with high volume, it’s game on,” he declared.
Fed May Resume Money Printing
Beyond the summer, Hayes anticipates a pullback between late July and August as the market reacts to key geopolitical and economic catalysts. Chief among them is the 90-day tariff deadline set by Trump’s trade policies, as well as the Jackson Hole Federal Reserve Symposium, where Hayes expects a significant shift in monetary policy. He predicts Fed Chair Jerome Powell could announce the end of quantitative tightening and reintroduce Treasury purchases, fueling further bullish sentiment.
But Hayes isn’t just thinking short-term. Looking ahead to 2026, he sees structural forces that could drive Bitcoin to the elusive $1 million mark. Chief among them: capital controls, dollar debasement, and a breakdown of global trust in fiat currencies.
As foreign capital flees U.S. assets due to protectionist policies, Hayes believes the U.S. government will be forced to “print its way out”, a scenario in which Bitcoin, as a non-sovereign asset, becomes a lifeboat.
“Everyone likes to say a million-dollar Bitcoin. I’m manifesting it,” Hayes said. “And I think it’s actually going to happen in that 2026–2027 crack-up boom.”
Altcoins Season to Follow
Notably, the pundit made similar predictions earlier this month during the Token2049 conference in Dubai, emphasizing that Bitcoin’s price may reach $150,000 by the end of 2025. At the time, he pointed to the rising uncertainty in financial markets which could leave the Federal Reserve with little choice but to resume aggressive money printing, similar to what occurred in Q3 2022. Hayes also noted that other crypto assets like Ethereum (ETH) and Solana (SOL) will ride the same wave.
At press time, Bitcoin was trading just below $108,215 reflecting a 2.40% drop in the past 24 hours.
