Arthur Hayes Predicts Bitcoin Will Reach $1 Million by 2028 Due to Declining U.S. Treasury Trust

Arthur Hayes, former CEO of the cryptocurrency exchange BitMEX, reiterated in his latest blog post on the 15th that Bitcoin's price could reach $1 million by 2028. Hayes points to the declining trust in the U.S. Treasury market and the repatriation of foreign capital as primary factors.

He had accurately predicted the drop in BTC price to $74,000 in April and its subsequent rebound, garnering significant attention from the market.

Related: From this year's $250,000 forecast, Arthur Hayes says, 'Bitcoin will reach $1 million in three years'

According to Hayes, the...