$BTC

Bitcoin (BTC), the largest cryptocurrency, is projected to reach $1,000,000 "sometime between now and 2028." Such an impressive statement was shared by Arthur Hayes, the founder of BitMEX and CIO of Maelstrom Fund in his essay today.

MHayes indicates two potential catalysts for a 10x rally of Bitcoin (BTC) price. First, as the "divorce" between Chinese and U.S. economies becomes more and more obvious, U.S. capital (in U.S. Dollars predominantly) will not be deployed abroad any longer.

Given the aggregated foreign "portfolio" size of some $33 trillion, Mr. Hayes expects a significant part of it to be utilized for buying Bitcoin (BTC). Even if the exact share of this "investing" hits 10%, it still lays the foundation for unparalelled growth:

Also, opportunities to invest in Bitcoin (BTC) will be highlighted by the devaluation of U.S. commercial paper. This process is not something new, Hayes points out, as U.S. treasuries lost 64% and 84% of their value in pairs with gold (XAU) and Bitcoin (BT), respectively, from 2021 to the present.