Arthur Hayes, former CEO of BitMEX, forecasts that Bitcoin could reach $1 million by 2028, driven by significant global macroeconomic changes. He highlights two major factors contributing to this potential growth: the repatriation of foreign capital and the devaluation of U.S. treasuries. Hayes advises Europeans to be cautious of tightening capital controls and suggests they should take personal control of their funds. He emphasizes that changing political landscapes in the U.S. could rapidly alter the financial environment, particularly with the upcoming presidential election in 2028. Moreover, Hayes argues that Europe is increasingly prone to suppressing cryptocurrency ownership, echoing trends seen in more authoritarian regimes. He believes that Bitcoin's price targets are becoming more mainstream, and there is widespread bullish sentiment regarding its future value, with some predicting even higher prices for Bitcoin in the longer term.

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