Arthur Hayes Advocates for Investing in Bitcoin and Altcoins Now

BitMEX co-founder, Arthur Hayes, confidently predicted at the Token2049 conference in Dubai that Bitcoin will reach $1 million by 2028. Hayes encouraged the audience to invest in Bitcoin and other stablecoins, based on an expected shift in monetary policy and economic instability in the US. He anticipates a return to money printing by the Federal Reserve due to fiscal deficits, tariff issues, and a deteriorating bond market, which could inflate Bitcoin's value.

Drawing parallels to past market conditions, he expects the US central bank, despite its hawkish stance, to support Treasury markets indirectly. If these forecasts materialize, Bitcoin will likely respond with a parabolic rally. Meanwhile, Bitcoin's ongoing price action suggests a long-term bullish momentum, despite minor fluctuations.