Arthur Hayes Forecasts Capital Controls to Drive Bitcoin to $1 Million by 2028

Crypto analyst and former BitMEX CEO Arthur Hayes predicts a potential surge in Bitcoin’s price to reach $1 million by 2028, driven not by traditional factors like ETF inflows or institutional adoption, but by the imposition of capital controls in the United States. He believes these restrictions will trigger a flight from assets like stocks and bonds towards Bitcoin and gold, fueled by repatriation of foreign investments seeking stability during economic shifts.