Arthur Hayes Predicts Bitcoin Could Reach $1 Million by 2028 Amidst Bullish Market Sentiments

Arthur Hayes, co-founder of BitMEX, recently articulated a positive outlook for the cryptocurrency sector at the Token2049 conference held in Dubai. He emphasized a bullish sentiment across both cryptocurrency and equities markets, suggesting that now is the time to adopt an optimistic approach. Hayes reinforced his stance by forecasting that the U.S. might have to implement a new form of **quantitative easing**, leading to potential price increases in cryptocurrencies.

Drawing parallels to the market dynamics of Q3 2022, Hayes underlined the significant challenges faced, including rising interest rates and the impending FTX collapse. However, he highlighted the U.S. government’s intervention, which injected a staggering $2.5 trillion into the economy through a buyback strategy, altering market sentiment. Despite initial unrest due to high tariffs initiated by the Trump administration, the subsequent market recovery post-suspension indicates resilience.

While noting Federal Reserve Chairman Powell’s resistance to Trump-era policies, Hayes argued that liquidity could still be injected into the market via hedge funds investing in U.S. Treasuries. He projects that Bitcoin could reach an impressive $1 million by 2028, signifying a long-term bullish trend for digital assets.