Arthur Hayes Foresees Bitcoin’s Leap To $1 Million, Says Bitcoin Does Best When Money Is Printed
Arthur Hayes, the founder of BitMEX, anticipates that Bitcoin (CRYPTO: BTC) could potentially reach a value of $1 million by 2028.
What Happened: Hayes holds the belief that Bitcoin could reach a seven-figure price in the upcoming years. During an interview, Hayes projected that Bitcoin could hit a price of $1 million by the end of 2028.
He said this surge is expected due to the easing of US monetary policy and the growing acceptance of Bitcoin as a safe-haven asset.
During the interaction, Hayes attributes the potential surge in Bitcoin’s price to the expected easing of US monetary policy. He stated, “we know you’re going to print more money, we know that Bitcoin does best when money is printed.”
Hayes also highlighted the US budget deficit, which he anticipates will continue to rise even after the change of administration, as a bullish catalyst for Bitcoin’s potential rise to a price of $1 million.
“We know you’re …
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