Crypto Market Bull Run To Continue Till 2028: Arthur Hayes

The future of the crypto market looks bright as the prevailing bull run is poised to extend into 2028, according to Arthur Hayes. The BitMEX co-founder attributed this positive outlook to the Trump administration’s strategic adoption of stablecoins and comprehensive crypto regulation.

Will the Crypto Market Bull Run Continue Till 2028?

In a bold prediction, BitMEX co-founder Arthur Hayes asserted that the prevailing crypto market bull run will continue till 2028. This ambitious outlook is based on his optimism surrounding the US government’s digital asset revolution.

Notably, Hayes expressed his confidence in a continued crypto market bull run, driven by Trump’s cryptocurrency initiatives and the increasing stable token adoption. Speaking at Tokyo’s WebX conference on August 25, he noted that his forecast is driven by the US government's efforts to leverage stablecoins to redirect global dollar flows.

Reportedly, the country will channel the $10-13 trillion Eurodollar space into government-controlled stablecoin ecosystems. Treasury Secretary Scott Bessent will pressure countries across the world to embrace USD-backed stable assets. While this strategy echoes traditional tactics of currency dominance, it intends to solidify the US Dollar’s supremacy.

The BitMEX co-founder believes that fiat-backed cryptocurrencies could play a crucial role in maintaining the current crypto market bull run. In particular, the mainstream adoption of these tokens could be a game-changer.

Interestingly, major industry players and banking giants support his views. The Bank of America is exploring the opportunities of these cryptocurrencies, recognizing their potential. Recently, India’s CoinDCX CEO Sumit Gupta has also shed light on the significance of establishing INR-backed cryptocurrencies .

Hayes believes that the integration of stablecoins into mainstream financial systems will play a crucial role in prolonging the positive momentum. This sentiment is echoed by industry observers, who note that stablecoins facilitate faster, cheaper, and more efficient cross-border transactions compared to traditional banking systems.

Who Will Benefit Most?

According to Arthur Hayes, DeFi projects including Ethena , Hyperliquid, Ether.Fi, and Codex are poised to benefit the most from the stablecoin strategy. While these platforms offer yield opportunities alien to traditional banking, massive stablecoin liquidity will create new investment opportunities for them.

Further, he explained that social media giants like Facebook and Twitter will offer dollar accounts to Southern countries. It could potentially create $4 trillion in new Treasury demand and erode national currency controls. He likened this shift to a "once-in-a-century market opportunity" on par with the era of John Rockefeller.