Arthur Hayes, co-founder of BitMEX, has forecasted a substantial increase in the value of the cryptocurrency HYPE, predicting a 126-fold rise over the next three years, potentially reaching $5,700 per HYPE token by 2028. Hayes presented his bullish outlook at the WebX2025 conference in Tokyo, citing factors such as $258 billion in annualized fees and $10 trillion in stablecoins contributing to an estimated fully diluted valuation of $5.1 trillion for HYPE. This optimistic forecast aligns with similar market enthusiasm, with some analysts referring to the current period as a mania stage. Meanwhile, David Bailey, a Bitcoin adviser to former President Donald Trump, has stated that the Bitcoin market will not experience another bear market for several years, attributing this to increasing institutional demand. However, some analysts remain skeptical about the prolonged absence of a Bitcoin downturn.