Arthur Hayes Predicts Bitcoin Reaching $1 Million is ‘Easy’ Thanks to Massive Stimulus Injection

Bitcoin expert Arthur Hayes at the 2025 Bitcoin Conference made a bold prediction: reaching $1 million per BTC is practically inevitable. He attributes this potential surge to the massive stimulus injected into U.S. financial markets between March 2020 and late 2021, which drove the price from around $3,800 to $70,000 in a little over 20 months. Hayes emphasizes that ‘price is set on the margin’, noting that ETF-driven restrictions on BTC supply are pushing more coins into long-term holdings and institutional products, reducing the available stock for spot buyers, leading to volatility and potential growth.