Bitcoin’s $1 Million Moonshot? Arthur Hayes’ Bitcoin Prediction Shocks the Crypto World!

Arthur Hayes, co-founder of the famous cryptocurrency exchange BitMEX, has once again turned heads with his bold BTC price prediction that Bitcoin has reached its rock bottom, and is now on a path toward an unbelievable $1 million valuation. Hayes’ Bitcoin Prediction has shaken up investors, as debates ensued. In a recent conversation, Hayes stressed on the role of global liquidity and interest in dictating Bitcoin’s price action, suggesting that the actions taken by governments and central banks will be vital in the forthcoming mega rally. 

Bitcoin at Rockbottom, Next Stop: $1 Million 

According to Hayes’ Bitcoin prediction, the worst of Bitcoin’s recent slump is already behind us. Although he agrees that the market could still retest support levels, he strongly believes that Bitcoin has established a key floor. In one of his most striking remarks, Hayes deduced whether Bitcoin could achieve a “numerically interesting number. When asked, Hayes said, “I put $1 million Bitcoin out there – I hope it will be $1 million, but you know maybe it’s just 666,000 or 500,00, what some round number that the human mind sees as significant”. 

Central Banks To Dictate Price Action

Hayes has argued that the traditional four-year Bitcoin halving cycle is becoming less relevant since Bitcoin has been gaining mainstream acceptance. Instead, he suggests that investors should focus on the policies of major banks, like the Federal Reserve and the European Central Bank. He claims that these institutions will continue to inject liquidity into the market, which could make the Bitcoin price inflate. “All I care about is fiat liquidity. As long as we believe it (Bitcoin) works, then it just comes down to how many fiat things are in the denominator, and then you just get to the price.”, Hayes stated.

“Crypto regulation doesn’t matter to Bitcoin”

Hayes has also dismissed the idea that incoming crypto regulations in the United States or elsewhere could hinder Bitcoin’s progress. He believes that Bitcoin’s permissionless, decentralized design makes it resilient to regulatory hurdles. He said, “Crypto regulation doesn’t matter. Bitcoin doesn’t need anyone’s permission. It’s moving with or without them […] If Bitcoin trades on tradfi regulations, then I don’t want to own it. I want something immune to regulation.”

Given Hayes’ Bitcoin prediction, the market also contemplates what truly could be in Bitcoin’s future as the whole world looks up to it. Let us also take a quick look at what the BTC price performance has been like in the past 24 hours.

Bitcoin Price Analysis of the Last 24 Hours: BTC Hovers Around $85K

Bitcoin started with an uptrend yesterday, going from $86,946 to $87,750 in the first three hours. Soon, the overbought conditions dragged BTC down to $87,426. Failure to sustain upward movement led Bitcoin down to $85,500. The highly oversold conditions called for a trend reversal, as Bitcoin recovered sharply, bouncing back to the $87,500 resistance.

Chart 1: analyzed by raodevansh18, published on TradingView, March 28, 2025

With strong support at $86,800, Bitcoin tested the resistance levels. However, Bitcoin could not capitalize on it, facing multiple rejections at the $87,500 level, and the price dropped due to a failing buying trend. With another failed resistance break attempt, Bitcoin plunged heavily, going to sub-$85,500 prices. 

BTC Price Prediction for March 28: Will BTC Slump Further?

While the market and crypto celebrities feel bullish about the BTC price, the charts convey otherwise for now. Although Bitcoin has been on an upward run for a few days, the $88,000 mark remains a coveted hurdle to cross. With Bitcoin’s dive today, it looks poised to find support near the $85,000 mark. However, if the overall market trend continues, Bitcoin could very well abandon that level. Rapid upward movement may occur later in the day, but the price will look to consolidate around key supports before that.