Arthur Hayes: Bitcoin will rise to $1 million in 2028, suggesting “doing more everything”

PANews reported on April 30 that Arthur Hayes reiterated its optimistic forecast for Bitcoin price at the Dubai Token 2049 conference, believing that Bitcoin may rise to $1 million by 2028. Hayes pointed out that the United States will need to increase dollar liquidity, which is similar to quantitative easing and will drive cryptocurrency prices to rise. He compared the similarities between the current market conditions and the third quarter of 2022, when the market was concerned about factors such as central bank interest rate hikes, but the United States injected $2.5 trillion through its repurchase program. Hayes said that even if Fed Chairman Jerome Powell may not interfere directly in the market, arbitrage hedge funds may increase liquidity by purchasing Treasury bonds, thereby indirectly driving market recovery. He advised investors to "do everything long", including cryptocurrencies and stocks.