⸺ Bull case · November 5, 2025 ⸺
Arthur Hayes
Co-founder, BitMEXEvangelist
“Bitcoin is $1 million plus and Ethereum is $20,000.”
Price at the call
$103,894
Today
$61,577
Target · 2028
$1M
Boldness of the call×9.63
Progress to target0.0%
Needs another ×16.2 from today’s $61,577.
If you’d listened
×0.59
-41% since the call
Annualized audacity
113%/yr
required return per year
Skin in the game
62/100
BitMEX founder; active, vocal BTC holder.
Hayes bets that both US parties will 'juice the economy with printed money' and that the dollar liquidity floods straight into Bitcoin — a $1M coin by the next US election cycle.