Bitin Volatility Hits Lowest Point Since 2022, Arthur Hayes Predicts $1M BTC by 2028

With Bitcoin’s price movement hitting a 563-day low in volatility, BitMEX co-founder Arthur Hayes has reiterated his bullish $1 million BTC prediction.

According to data from Glassnode, Bitcoin’s 30-day volatility now sits at levels not seen since late 2022—indicating a tightening price range and a possible build-up for a significant move. As BTC consolidates near the $63,000 level, market watchers are anticipating a breakout, with many eyes on macroeconomic events and central bank policy updates.

Amid this lull in volatility, Arthur Hayes, a prominent figure in the crypto world, restated his bold prediction: Bitcoin will hit $1 million by 2028. Speaking on social media and interviews, Hayes argues that excessive money printing, rising national debts, and de-dollarization trends will drive capital into decentralized, non-sovereign assets like Bitcoin.

He believes the global financial system is entering a phase of “fiat debasement” that could catapult crypto, especially BTC, into new territory as a store of value. Hayes also points to the U.S. Federal Reserve’s long-term monetary policy as a key factor that could inflate Bitcoin’s price drastically over time.

While volatility remains low, historically such periods have often preceded explosive price action. Traders and institutions are keeping close watch, with expectations of a significant move in the coming weeks.

Bitcoin last traded around $63,200 at the time of writing. Though the market remains cautious, bullish sentiment is growing as long-term holders accumulate and forecasts like Hayes’ fuel renewed investor interest.

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Author
Surabh Yadav