Arthur Hayes, former CEO of BitMEX and a prominent Bitcoin bull in the cryptocurrency industry, has forecasted that Bitcoin’s price could reach $1 million (approximately 1.4 billion KRW) by 2028, according to reports.
Speaking at the Token2049 event on April 30, Hayes asserted, “Now is the time to go long on both cryptocurrencies and stocks.”
He predicts that the United States will need to implement measures such as monetary easing, which would increase dollar liquidity and drive up the prices of cryptocurrencies and stocks.
The current financial market is heavily influenced by concerns over inflation due to U.S.
President Donald Trump’s tariffs, fears of economic recession, and a weakening dollar. While some view Bitcoin as holding up relatively well, it has not yet entered a full-fledged upward trend.
Hayes believes that an increase in liquidity will push up the prices of cryptocurrencies and stocks.
Notably, on April 1, Hayes also remarked, “Bitcoin is currently being traded primarily based on expectations of an increase in the supply of fiat currencies like the U.S. dollar.”
