Arthur Hayes Bets on $1M Bitcoin by 2028 — And He Thinks the Fed Is a Sideshow

💥 1M Bitcoin? Hayes Says It’s Coming — And It’s Not Because of the Fed

Arthur Hayes just dropped a bomb on the macro crypto world: Bitcoin will hit 1 million by 2028. And no — it’s not because of Powell, inflation, or rate cuts. It’s because of the U.S. Treasury flooding the global financial system with dollars like there’s no tomorrow.

Forget the Fed. Hayes says the real liquidity god is Treasury Secretary Scott Bessent, whose buybacks and debt management schemes are pumping trillions into the market — and driving hard assets like BTC straight to the moon.

🏛️ The Treasury Is the New Fed — And It's on a Printing Spree

According to Hayes, Jerome Powell is just political wallpaper. The U.S. Treasury is the true monetary machine, actively reshaping global liquidity by engineering more supply of dollars to handle an unpayable debt load.

“Are there more dollars in the system today than yesterday? That’s the only question that matters,” Hayes said.

His thesis: the U.S. can’t stop spending, can’t raise taxes, and won’t cut consumption — so it’ll inflate away the problem, and Bitcoin will be the safe harbor in the storm.

🌍 Geopolitics, Trade Drama, and Capital Controls Incoming

Hayes isn’t just staring at bond markets. He’s eyeing U.S.–China trade games, too. In his view, any upcoming trade deal will be pure political theater — with Trump needing a win and Xi needing to flex.

“Trump needs to prove he’s tough on China. Xi needs to prove he stood up to the white man.”

But beneath the drama? China will keep buying U.S. debt because they have no other option. And that’s when Hayes drops his real kicker: the U.S. won't impose more tariffs — it’ll quietly roll out capital controls and tax foreign investment.

🧠 The Easy Button? Capital Controls

Hayes argues Americans won’t accept higher taxes or less consumption. So the government will penalize foreign investors instead — taxing U.S. equities or Treasuries held abroad, or swapping bonds under duress.

“Americans don’t like to be told to do hard things. But we can still stick it to foreign investors and print our way out.”

🛡️ Bitcoin Is the Escape Hatch

In this chaotic macro future, Bitcoin is the only asset that doesn’t bend to governments. Fixed supply. No central bank. Borderless. Censorship-resistant.

That’s why Hayes has 60–65% of his portfolio in BTC, 20% in ETH, and the rest in “quality shitcoins” with actual utility. He calls it the beginning of “fundamentals season” — where utility starts to matter again in crypto.

📈 TL;DR:

• Arthur Hayes says Bitcoin hits 1 million by 2028
• The Treasury, not the Fed, is driving global liquidity
• Capital controls and taxes on foreign investors are coming
• Geopolitics will fuel uncertainty, but Bitcoin thrives on chaos
• Hayes is all-in on BTC, ETH, and coins with real-world use

Bottom line? Bitcoin isn’t just surviving the system — it’s being fueled by it.

Want the real hedge? Stop watching Powell and start stacking sats.