Bitcoin's recent dip below $100,000 is just a temporary setback, according to Arthur Hayes, co-founder of BitMEX. Hayes remains confident in Bitcoin's long-term trajectory, suggesting that this "weakness shall pass." He has set a timeline for Bitcoin to reach $250,000 by the end of 2025, and even predicts it could hit $1 million by 2028.

Hayes' optimism is rooted in a deep skepticism about the current financial system. He believes that faith in fiat currencies and government bonds is eroding as central banks continue to print money and debt levels rise. Investors are beginning to seek alternative stores of value, and Bitcoin, with its decentralized nature and limited supply, is emerging as a strong contender.

Hayes argues that the world is entering a phase where hard assets like gold and Bitcoin will gain favor as safe havens amid global financial shifts. He points to the declining trust in U.S. Treasuries as evidence of the cracks in the traditional financial system. As geopolitical and economic tensions increase, this shift toward decentralized assets will accelerate.

Hayes' prediction of Bitcoin reaching $1 million by 2028 is based on the expectation of continued money printing by central banks. He believes this will drive up the price of Bitcoin as investors seek to protect their wealth from inflation.

Hayes also touched upon the potential start of the altcoin season. He stated that a Bitcoin price breakout to the $110,000 level, with trading volumes reaching $150,000-$200,000, could be the trigger for the start of the altcoin season.

While Bitcoin's journey may be bumpy, Hayes believes that its underlying fundamentals remain strong. He advises investors to weather the short-term volatility and focus on the long-term potential of Bitcoin as a store of value in an increasingly uncertain world.