CoinVoice has learned that, according to The Block, Arthur Hayes reiterated his optimistic prediction for Bitcoin's price at the Token2049 conference in Dubai, believing that Bitcoin could rise to $1 million by 2028.
Hayes pointed out that the U.S. will need to increase dollar liquidity, similar to quantitative easing policies, which will drive cryptocurrency prices up. He compared the current market conditions to the similarities seen in the third quarter of 2022, when the market was concerned about factors such as central bank interest rate hikes, but the U.S. injected $2.5 trillion through a repurchase program.
Hayes stated that even if Federal Reserve Chairman Jerome Powell may not directly intervene in the market, arbitrage hedge funds could increase liquidity by purchasing government bonds, thereby indirectly promoting market recovery. He suggested that investors should 'go long on everything', including cryptocurrencies and stocks. [Original link]
