Crypto entrepreneur Arthur Hayes predicts that Bitcoin could reach $1 million by 2028, driven by an expected shift in central bank monetary policy and a potential capital outflow from the U.S. Hayes argues that as foreign investors may retreat due to a less favorable economic landscape, they will likely repatriate their investments, causing the dollar and U.S. treasuries to devalue. He foresees that the Federal Reserve will have to print more money to stabilize the economy, which will ultimately benefit Bitcoin as a safe haven asset. Hayes highlights that historical trends show that major assets like Bitcoin tend to thrive amid monetary looseness. He also perceives that a change in presidential administration might not favor cryptocurrencies, intensifying the need for capital flight towards Bitcoin. Hayes has previously been bullish on Bitcoin and maintains that it remains the ideal lifeboat for investors during turbulent economic times.

Source 🔗