Arthur Hayes: Bitcoin is expected to rise to $1 million by 2028, but there may be tactical short selling opportunities in the short term

PANews May 15th news, Arthur Hayes said in a new post that he has re-invested his position in cryptocurrencies at market lows and believes that now is a good time to choose a high-quality altcoin that can outperform Bitcoin in the bull market. He is particularly optimistic about two projects: $PENDLE and $ETHFI.

The return of foreign capital and the massive depreciation of US bonds will become the two major catalysts that drive Bitcoin to rise to $1 million by 2028. He mentioned that the 2028 US presidential election may bring policy uncertainty, but it is a critical period for Bitcoin to benefit.

Although he believes Bitcoin will rise to $1 million, there are still opportunities to short-term tactical short selling. He pointed out that capital controls and currency printing are coming, but the road ahead is full of uncertainty. The Trump team is not consistent in capital control, so there may be different policy directions.