- Arthur Hayes predicts Bitcoin reaching $1 million amid potential Federal Reserve yield curve control implementation.
- Trump administration’s influence on Fed policy may lower long-term government borrowing costs through various measures.
Arthur Hayes has forecast that Bitcoin could achieve a price of one million dollars. This prediction is tied to potential adjustments in U.S. monetary policy. The Federal Reserve might adopt a third mandate incorporating yield curve control measures.
The Federal Reserve’s main priority is price stability and employment. However, with an additional mandate, the introduction of moderate long-term interest rates is expected, thereby altering the central bank’s policy approach.
With Fed board member Miran now confirmed, the MSM is preparing the world for the Fed's "third mandate" which is essentially yield curve control. LFG!
YCC -> $BTC = $1m pic.twitter.com/jlPQZJ0cHm
— Arthur Hayes (@CryptoHayes) September 16, 2025
Stephen Miran, chosen by President Donald Trump for a Federal Reserve position, has mentioned this possibility. The legal foundation for a third mandate already appears in the Federal Reserve’s original charter. The administration could leverage this existing authority to deepen its engagement with bond markets.
Implementation would probable involve strategies like quantitative easing and yield curve control. These actions generally increase liquidity within financial markets. Analysts frequently observe that such conditions tend to benefit speculative assets, including cryptocurrencies.
“The price of money is coming under tighter control because the age-old balance between capital and labor, between debt and GDP, has become unstable. Bitcoin stands to absorb massive capital as the preferred hedge against the global financial system.”
Christian Pusateri, founder of Mind Network, labeled this potential policy direction as financial repression. He indicated that monetary authorities are tightening control due to evolving economic dynamics. Pusateri noted Bitcoin could see substantial investment flows as a safeguard against conventional financial systems.
The primary policy objective is to reduce long-term interest rates. To achieve this, several methods would be used, such as increased Treasury bill issuance, direct yield curve interventions, or bond buybacks. Lower rates would decrease government debt servicing costs.
