The former CEO of the exchange, Bit, MEX for cryptocurrencies expects Bitcoin to reach $1 million by 2028
Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange Bit, MEX, expects the price of Bitcoin to reach one million dollars in just three years. In his latest blog post dated May 15, Hayes reinforced his predictions based on global macroeconomic shifts.
Hayes believes that the devaluation of U.S. Treasury bonds and the shift in capital controls around the world will make Bitcoin the preferred safety net for investors. He asserts that these factors, along with the return of foreign capital to the United States, will drive the price of Bitcoin to seven figures between now and 2028.
Hayes links this prediction to the upcoming U.S. presidential elections, noting that government policies will be the decisive factor in determining the trajectory of the digital currency. In contrast, scrutiny of cryptocurrencies is increasing in Europe, while China is trying to control their use without banning private ownership.
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