Bitcoin trades near $83,700, still capped below the $85,000 resistance level, while Maelstrom CIO Arthur Hayes reiterates his long-standing call for BTC to reach $1 million. For the first time, Hayes has attached a potential timeline to the prediction, pointing to 2030 as the target year with late 2027 or early 2028 as the rally's strongest phase.
Bitcoin traded near the flatline at around $83,700. The price remains unable to clear the $85,000 resistance level that has capped it. Despite that, Maelstrom CIO Arthur Hayes has renewed his long-term call for Bitcoin to reach $1 million, this time attaching a potential timeline to the prediction.
Hayes attaches a timeline to his $1 million call
According to market commentator Walter Bloomberg, Hayes sees Bitcoin reaching $1 million by 2030, with the strongest phase of the rally potentially arriving in late 2027 or early 2028. His latest thesis centers on the rapidly expanding AI infrastructure industry and the capital being committed to data centers and computing hardware.
Hayes believes the AI investment boom could eventually face a major correction if data-center revenues fail to justify the scale of investment, which could pressure highly leveraged companies and institutions exposed to the sector. He has described the AI infrastructure boom as a credit-driven phenomenon, arguing that its potential unraveling could push governments and central banks to inject substantial liquidity into the system — a shift he believes could benefit Bitcoin.
Why late 2027 and 2028 matter
Hayes has pointed to a mismatch between the useful life of rapidly evolving AI hardware and the longer repayment schedules attached to some financing arrangements. He argues this mismatch could become increasingly problematic around late 2027 and 2028, potentially exposing weaknesses in the credit structure behind the buildout. Under his thesis, a resulting liquidity injection could then flow into alternative assets, including Bitcoin.
Earlier in 2026, Hayes had placed a nearer-term target of approximately $125,000 on Bitcoin for year-end, after reports from May indicated he had reduced that forecast from substantially higher levels while maintaining a bullish long-term outlook.
Cooler inflation data eases Fed worries
The latest US PCE inflation data came in cooler than expected, easing some investor concern over a hawkish October Fed move. According to the CME FedWatch tool, there are now 62% odds the Fed keeps interest rates unchanged. Market watchers are now focused on the $85,000 and $90,000 levels: clearing both would leave experts optimistic about a continuing rally.
Source: CoinGape
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