Arthur Hayes, co-founder of BitMEX and a prominent cryptocurrency analyst, has reaffirmed his bullish outlook on Bitcoin. In an interview at the Token2049 event in Dubai, he stated that Bitcoin could hit $250,000 by the end of 2025 and eventually reach $1 million by the end of Donald Trump’s presidential term in 2028.
Currently, Bitcoin remains steady above the $100,000 mark despite recent selling pressure. While many investors are skeptical about BTC reaching $250,000 this year, Hayes believes it’s achievable if Bitcoin continues to dominate the market.
“I think in this upcoming rally, Bitcoin could approach $200,000. And by year’s end, $250,000 is a reasonable target,” Hayes said.
In addition to Bitcoin, he also shared his views on other assets such as gold, Ethereum, and U.S. debt markets. According to Hayes, if BTC breaks above $110,000 with strong volume between $150,000 and $200,000, it could trigger the start of an “altcoin season” — a period when alternative cryptocurrencies surge in value. However, unlike the 2021 rally, only well-founded and top-tier altcoins are expected to perform strongly this time.
Hayes also discussed gold’s role in his portfolio, noting that he allocates 20% of his assets to the precious metal. He forecasted that gold could reach $10,000 to $20,000 as central banks continue to buy it in large quantities.
“I think gold could reach $20,000 by the time this rally ends,” he predicted.
Overall, Hayes remains optimistic about crypto’s future in 2025, believing that Donald Trump’s return to office will lead to more pro-crypto policies — although he acknowledged that no concrete initiatives have been introduced yet. He advised investors to remain patient and watch for favorable developments in the near future.
