1 Bitcoin will reach 1 million dollars by 2028

According to PANews, Arthur Hayes reiterated his optimistic predictions for the price of Bitcoin at the Token2049 conference in Dubai, suggesting it could reach 1 million dollars by 2028. Hayes highlighted the potential need for increased U.S. dollar liquidity, closer to quantitative easing, which he believes will drive cryptocurrency prices. He compared current market conditions to the third quarter of 2022, when concerns about rising central bank interest rates were prevalent, but the U.S. injected 2.5 trillion dollars through a repurchase program. Hayes noted that even if Federal Reserve Chair Jerome Powell does not directly intervene in the market, arbitrage hedge funds could enhance liquidity by purchasing government bonds, indirectly helping to recover the market. He advised investors to 'stay invested in everything', including cryptocurrencies and stocks.