Arthur Hayes Predicts Bitcoin Surge to $1 Million by 2028

According to PANews, Arthur Hayes reiterated his optimistic forecast for Bitcoin's price at the Token2049 conference in Dubai, suggesting it could reach $1 million by 2028. Hayes highlighted the potential need for increased U.S. dollar liquidity, akin to quantitative easing, which he believes will drive up cryptocurrency prices. He compared the current market conditions to the third quarter of 2022, when concerns about central bank interest rate hikes were prevalent, but the U.S. injected $2.5 trillion through a repurchase program. Hayes noted that even if Federal Reserve Chairman Jerome Powell might not directly intervene in the market, arbitrage hedge funds could boost liquidity by purchasing government bonds, indirectly aiding market recovery. He advised investors to "go long on everything," including cryptocurrencies and stocks.