According to Odaily Planet Daily, BitMEX co-founder Arthur Hayes predicted in a recent interview that Bitcoin could reach $200,000 by the end of 2025, with US Treasury bond buybacks being the primary driver. Hayes believes the US government's potential bond buyback program will inject new liquidity into the economy, reducing volatility in the Treasury market and freeing up capital, potentially directing investor flows into riskier assets, including Bitcoin. This macroeconomic environment will be a catalyst for a significant rise in Bitcoin prices. If favorable conditions persist, Bitcoin could reach $200,000 by the end of the year.

Arthur Hayes further extended his bullish stance to the long term, believing that the price of Bitcoin could reach $1 million by the end of 2028. He pointed out that this forecast is closely related to the trend of US fiscal spending and broader political developments. Continued deficit spending and monetary intervention will undermine people's confidence in fiat currency, thereby promoting the popularity of Bitcoin as a hedging tool.