Arthur Hayes Predicts Bitcoin Will Reach $1 Million by 2028
Arthur Hayes advises crypto investors to focus on the U.S. Treasury Department rather than the Federal Reserve regarding monetary policy. Key points from his recent interview include:
- The Federal Reserve's influence is diminishing; real monetary actions are taken by Treasury Secretary Scott Bessent.
- Increased liquidity and U.S. debt management will drive Bitcoin's price to $1 million by 2028.
- Geopolitical factors, particularly U.S.-China trade relations, also impact the market.
- A superficial trade deal between the U.S. and China is anticipated, with no substantial changes.
- Potential capital controls may be introduced, including taxes on foreign investments and bond swaps.
- China is expected to continue purchasing U.S. assets despite any public posturing.
- Hayes' investment strategy includes 60-65% in Bitcoin, 20% in https://holder.io/coins/eth/, and the remainder in selected altcoins.
- The current market favors cryptocurrencies with strong fundamentals.