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Bitcoin forecasted to reach $1 million by 2028 according to Arthur Hayes, in view of U.S.-China trade disputes.

Bitcoin set for $1 million by 2028, claims Arthur Hayes, due to U.S. Treasury actions, worldwide liquidity conditions, and geopolitical changes.

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Bitcoin valuation projected to surpass $1 million by 2028, fueled by U.S. Treasury measures,...
Bitcoin valuation projected to surpass $1 million by 2028, fueled by U.S. Treasury measures, worldwide liquidity conditions, and geopolitical transformations, as per Arthur Hayes' prediction.

Bitcoin forecasted to reach $1 million by 2028 according to Arthur Hayes, in view of U.S.-China trade disputes.

Cryptocurrency Chaos: Can Bitcoin Hit $1 Million by 2028?

A fresh wave of excitement is sweeping the cryptocurrency world, thanks to Arthur Hayes, ex-chief of BitMEX, who's back with a bold prediction. By 2028, bitcoin is expected to trade at an astounding $1 million. Yet, his dismissal of worry over the Federal Reserve's concerns with the US Treasury keeps the crypto community buzzing. So, what does the financial future of bitcoin look like? Let's dive in.

Buckle up, folks. Your focus on Fed policies and interest rates might be misplaced, according to Hayes. The Treasury Department—controlled by Treasury Secretary Scott Bessent—is set to impact bitcoin's price significantly, says Hayes. By adjusting buybacks and auctions to tackle the rising US debt, they can manipulate global liquidity. So, while most crypto investors focus on the Fed, Hayes believes this is where the action is.

Interestingly, Hayes agrees with this hypothesis to some extent. As he puts it, "Bitcoin's value proposition depends on the supply of dollars, not the Fed." America's budget stretching wider than ever means dollars will continue flooding global markets, no matter what the Fed does. This expected abundance of liquidity will likely benefit bitcoin, an asset with a limited quantity and decentralized nature, making it an ideal investment during inflationary times.

Helter Skelter: US-China Trade War and Global Tensions

But the US Treasury isn't the only factor in our crosshairs. Geopolitics, cryptocurrencies, and global economic tensions are tightly interwoven. In Hayes' opinion, the US-China trade war is merely a battleground for both sides to posture for their audience, with only a facade of sincerity in their promised negotiations.

Meanwhile, Hayes proposes a larger policy perspective—capital controls, trade restrictions, and geopolitics—which could force the US to levy more taxes on foreign assets, such as Treasuries and equities. This move, though politically charged, would alter the landscape of global capital and potentially boost Bitcoin's popularity.

Moreover, Hayes predicts continued Chinese investment in American securities, pushing the greenback even higher. This sustained injection of dollars, alongside the cash infusions from the US Treasury, could propel Bitcoin's price to record highs as investors rush to secure their assets safely.

Bit by Bit: Market Shifts and Quality Coins

Finally, the market is moving towards "fundamentals," says Hayes. Investors are fleeing from speculative coins with no real-world value, opting instead for cryptocurrencies with tangible financial utility.

According to Hayes, Bitcoin can serve as a shield for investors in times of economic chaos. Given its limited supply, decentralized nature, and growing recognition as a legitimate investment, Bitcoin is the ideal candidate for long-term holding. In essence, with inflation fueled by global monetary policies, Bitcoin offers a safer haven for investors in the coming years. Hayes even predicts a Bitcoin price of $1 million by 2028.

  1. Arthur Hayes, the former BitMEX chief, predicts that bitcoin could trade at an unprecedented $1 million by 2028, a declaration causing a stir in the cryptocurrency community.
  2. Hayes asserts that the US Treasury, led by Treasury Secretary Scott Bessent, holds significant sway over bitcoin's price due to its ability to manipulate global liquidity through adjustments in buybacks and auctions.
  3. Hayes believes that the anticipated abundance of liquidity resulting from America's expanding budget could benefit bitcoin, an asset with a limited quantity and decentralized nature, making it an attractive investment during inflationary times.
  4. The US-China trade war, according to Hayes, is more about posturing for domestic audiences than genuine negotiations, with both sides using it as a battleground for geopolitical goals.
  5. If the US imposes higher taxes on foreign assets like Treasuries and equities as a result of tensions, Hayes expects this to alter the landscape of global capital and potentially boost Bitcoin's popularity.
  6. As the market shifts towards investments with tangible financial utility, Hayes suggests that bitcoin offers investors a safer haven during economic turbulence due to its limited supply, decentralized nature, and growing acceptance as a legitimate investment.
  7. In Hayes' opinion, continued Chinese investment in American securities could contribute to the strengthening of the US dollar, which, along with cash infusions from the US Treasury, may push Bitcoin's price to new heights as investors seek secure assets.

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