Arthur Hayes, Maelstrom CIO and co-founder of BitMEX, is back with a bold outlook on BTC’s future. This is not the first time Hayes has come forward with some outrageous outlook for the crypto landscape.
Hayes just brought forward his long-term prediction for BTC at the TOKEN2049 conference held in Dubai. Hayes reiterated his long-standing prediction of BTC and how it will hit $1 million by 2028.
Hayes presented his confident statement, saying, “It’s time to go long on everything.” This suggests that Hayes is optimistic about the meteoric rise of the traditional equities and crypto market as a whole.
Is Hayes For Real?
However, Hayes is not just saying something outrageous for the sake of clout. He backed his statement up with circumstantial and historical data. Hayes believes that the US would eventually have to print more money, as it did during past quantitative easing periods. This will be done in the hopes of keeping the economy afloat.
Subsequently, he also pointed out that the current market situation is reminiscent of how it was in Q3 2022. At that time, the federal government was raising interest in cryptocurrency, which created an environment of fear and panic in the landscape.
Despite the chaos, the US quietly injected close to $2.5 trillion into the market through its repo programs. This helped the economy to stay afloat. As a result, Hayes believes that a similar intervention is afoot.
If this happens, as Hayes suggests it would, it is the next big thing for the cryptocurrency landscape.
