Earlier this month, the price of Bitcoin smashed the $100,000 milestone for the first time since February as U.S. President Donald Trump teased a major trade deal.

Now, Arthur Hayes is predicting that the apex crypto will rocket to $1 million in just three years, thanks to macro tailwinds. The former BitMEX CEO reiterated his uber-bullish forecast in his latest blog post.

Arthur Hayes suggested that Bitcoin could surge to seven figures in a few years, owing to strong tailwinds including a likely outflow of foreign investment and devaluation of the huge stock of the US Treasury, suggesting that Bitcoin will become the preferred haven for investors everywhere.

“Foreign capital repatriation and the devaluation of the gargantuan stock of U.S. treasuries will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028,” the BitMEX founder said in his May 15 blog. 

Hayes timed his forecast to the next US presidential election when a less crypto-friendly president might assume office.

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“I say 2028, because that is when the next US presidential election occurs, and who knows what type of politician will win and what policies they will enact,” he wrote.

“Maybe by some stroke of divine intervention, the American public is ready to accept the monetary hangover for the profligacy of the last century and extinguish the rotten credit destroying their society,” the crypto OG said. “Therefore, the time is now to make hay while the sun king takes a shine to Bitcoin.”

Hayes, who was pardoned in late March by U.S. President Trump after having pleaded guilty in 2022 to violations of the Bank Secrecy Act, went on to suggest that Trump will shift gears from tariffs to capital control. This will spook investors, who Hayes thinks will exit the United States with their capital. 

He reckons the US will print more money in a form similar to quantitative easing to make up for capital leaving the U.S. “It’s the same answer as always,” said Hayes. “If the foreigners won’t supply the dollars, the government will by using its printing press.”

As a result, he believes President Trump is likely to shift policies, which will ultimately be a boon for Bitcoin.

“Bitcoin is the perfect and only lifeboat for global capital that must leave America and elsewhere,” Hayes postulated.

Hayes has often maintained that Bitcoin will end up taking off like a rocket due to the U.S.’s monetary policy of printing cash.