At the inauguration ceremony of TOKEN2049 event in Dubai, Maelstrom CIO and BitMEX co-founder Arthur Hayes just upped the ante by making a bold prediction: Bitcoin price could rise to $1 million.
Taking the center stage at TOKEN2049 conference in Dubai, Hayes reiterated his long-standing commitment to Bitcoin: “It’s time to go all in on everything.”
In his keynote address, Hayes signaled his confidence in a broad market rally—both in crypto and traditional equities. Hayes is bullish for a reason he’s emphasized before — he believes the U.S. will have no choice but to print more money, much like it did during previous rounds of quantitative easing, to keep the economy afloat.
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He also drew a comparison between the current market conditions and what we saw in Q3 2022. Back then, fear dominated as the Fed raised interest rates and crypto was unsteady, just before the collapse of FTX.
Yet despite the chaos, the U.S. quietly injected $2.5 trillion into markets through its repo program. According to Hayes, that move helped keep markets afloat, and he expects similar interventions ahead.
As inflation concerns grow and central banks remain under pressure, Hayes’ vision of a $1 million Bitcoin by 2028 is back in the spotlight, louder than ever.
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