$BTC

The Bitcoin currency is witnessing a strong upward wave again, as it recently surpassed the level of $95,460, which is the highest price it has reached in the past two months. The total market value of the cryptocurrency market has risen to $1.88 trillion, with a 13% increase in daily trading volume reaching $28 billion.

In this optimistic context, the famous investor Arthur Hayes, co-founder of the BitMEX platform and CEO of investment at Maelstrom, renewed his bold prediction that the price of Bitcoin will reach $1 million by 2028.

What supports these predictions? During his participation in the Token2049 conference in Dubai, Hayes explained that the increase in liquidity in US dollars will be the main driver for the next upward wave in the cryptocurrency market. He reminded everyone of the third quarter of 2022, when the US government pumped about $2.5 trillion to support traditional and digital markets after the FTX collapse.

Hayes believes that a similar wave of monetary expansion is on the horizon, which will drive investors toward rare digital assets like Bitcoin, which is characterized by its scarcity and limited supply.