According to The Block, ChainCatcher reported that Arthur Hayes reiterated his optimistic prediction about Bitcoin price at the Token2049 conference in Dubai, believing Bitcoin could rise to $1 million by 2028.
Hayes noted that the United States will need to increase dollar liquidity, similar to quantitative easing, which will drive cryptocurrency prices up. He compared the current market conditions with those in 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 repurchase programs.
Hayes stated that even if Federal Reserve Chairman Jerome Powell may not directly intervene in the market, arbitrage hedge funds might increase liquidity by purchasing government bonds, thereby indirectly promoting market recovery. He suggested investors "long everything", including cryptocurrencies and stocks.
