Based on CoinEdition, Arthur Hayes, co-founder of BitMEX, has modeled a Bitcoin price target of $3.4 million by 2028, driven by expected U.S. fiscal and monetary policy under President Donald Trump. Hayes assumes a $2 trillion annual U.S. deficit until 2028, with the Federal Reserve buying roughly half of new Treasury issuance, leading to increased money printing. Using historical precedent, he estimates a 0.19% BTC appreciation per dollar of credit growth, projecting a $3.4 million price tag. Hayes noted the exact number is speculative, but emphasized the general bullish trend as the Fed prints more money to absorb government debt.
Arthur Hayes Models Bitcoin at $3.4M by 2028 on Trump Deficit Spending
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