Arthur Hayes Predicts Bitcoin to Hit $1 Million by 2028

Bitcoin has experienced a significant surge, surpassing $95,460 and hitting its highest point in two months. The market cap now stands at $1.88 trillion with daily trading volume surging 13% to $28 billion. The current price sits near the critical support range of $90K-$92K. Arthur Hayes, CIO of Maelstrom, shared his prediction that Bitcoin could reach one million dollars by 2028 during a speech at the Token2049 conference in Dubai. Hayes attributes this potential rally to increased dollar liquidity, which he believes will propel crypto markets higher. He encourages investors to adopt a bullish stance on both cryptocurrency and traditional stocks. His insights come as the US economy is anticipated to embark on another round of money printing, mirroring conditions observed in the third quarter of 2022. This period saw market volatility fueled by rising interest rates and the FTX collapse. The US government intervened with $2.5 trillion to support markets at that time. Hayes believes a similar wave of liquidity is imminent, benefiting Bitcoin. While Trump has announced plans for heavy tariffs on major trading partners, Hayes expects hedge funds to step in and buy U.S. debt, potentially increasing market liquidity. He predicts increased dollar liquidity as a key factor driving Bitcoin’s price increase, with investors turning toward assets like Bitcoin due to their long-term value potential. Despite the recent market uncertainty triggered by these economic factors, Hayes believes this will create a perfect setup for a bull run, driving Bitcoin’s price to one million dollars by 2028.