Arthur Hayes Reaffirms Bitcoin Price Prediction of $1 Million by 2028

The first cryptocurrency could soar to $1 million by 2028. This prediction was reiterated by former BitMEX CEO Arthur Hayes during the Token2049 conference in Dubai, as reported by The Block.

He believes that the key factor will be the increase in dollar liquidity, to which the U.S. will inevitably resort to stabilize its economy.

*»It’s time to open long positions in all assets,»* Hayes stated, referring to both digital currencies and stocks.

He drew a comparison to 2022, a tumultuous year for markets due to tightening monetary policy and the collapse of the FTX exchange. However, U.S. regulators increased the money supply, which helped the sector recover.

Currently, Hayes sees tariffs imposed by Trump on U.S. trading partners as the main threat, which have contributed to the decline in stock indices.

Nonetheless, the expert is confident that even if the Federal Reserve, led by Jerome Powell, does not intervene directly, hedge funds will take matters into their own hands by purchasing government bonds. This will lead to an increase in the money supply and subsequently drive up cryptocurrency prices.

Recall that in April, Hayes indicated that he expects Bitcoin to surpass $100,000, citing the Treasury Department’s repurchase of U.S. Treasury bonds as a primary driver behind this growth.