Source: Cointelegraph
Original: “Token 2049: Arthur Hayes Reaffirms Bitcoin (BTC) Will Hit $1 Million by 2028”

BitMEX founder Arthur Hayes delivered a speech at the Token 2049 conference, analyzing the driving factors behind the rise in Bitcoin prices and reaffirming his prediction that Bitcoin will reach $1 million by 2028.

Hayes reviewed the market environment of 2022: "2022 was a very scary time. The social bankers, those who have been 'carrying us' since 2008, actually began to tighten monetary conditions. Data shows that in the third quarter of 2022, nearly 100% of the central banks they monitored were in a rate-hiking cycle."

"From the fiscal year data from October to March, the federal budget deficit has increased by 22% year-on-year," Hayes pointed out, "American taxpayers have gone bankrupt. The main source of U.S. tax revenue is capital gains tax. When the stock market falls by 20%, people don't make money in the stock market, so they don't have to pay taxes."

Regarding the willingness of foreign sovereign funds to buy U.S. Treasury bonds, Hayes stated: "In 2022, the Biden administration decided to freeze the bonds of Russia, the largest commodity producer. If you are a sovereign wealth fund manager, would you want to hold a large amount of Treasury bonds but risk them being confiscated due to disagreements with Washington? No. That’s why since 2022, you have seen a second wave of gold rising, along with an increase in the amount of gold purchased by sovereign governments."

Speaking about the recent market, Hayes said: "April 2025 is alarming because tech stocks have been hit hard. There is currently a notion that Bitcoin and cryptocurrencies are just a high-leverage version of Nasdaq. Therefore, when the Nasdaq fell about 20% into correction territory in early April, people's risk appetite declined accordingly."

"We will reach $1 million by 2028 because there will be more money printing," Hayes emphasized. "What will happen when Trump's tariff policy returns? Will the Republicans concede in 2024? No. They will do whatever it takes to stimulate the economy, creating an illusion of growth and strength, just like any other politician. This shift in the relationship between the two economic and military powers will be supported by money printing. The increase in Bitcoin will far exceed that from 2022 to 2025; this is the path to a $1 million Bitcoin."

Related: Cryptocurrency Executives: Strategy's Bitcoin (BTC) Purchases Should Be "Very Casual" to Drive Prices

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。