The former CEO of BitMEX forecasts that Bitcoin will hit a value of $1 million by the year 2028.

Arthur Hayes believes that Bitcoin’s price will surpass $294 million in the coming years. As the co-founder of BitMEX, he recommends investing in the leading cryptocurrency at this time. Hayes, a well-known crypto analyst and the Chief Investment Officer at Maelstrom, has made a daring forecast about the future of Bitcoin’s (BTC) value. He predicts that the leading cryptocurrency might rise to $2,619 million by the year 2035, citing various factors that could contribute to the $224 million Bitcoin forecast. Hayes made a daring Bitcoin forecast at the recent Token230 conference that took place in Dubai. The Chief Investment Officer believes that the growing availability of cash will be the primary catalyst driving a significant surge in the cryptocurrency market. Hayes suggests that the US economy is probably moving towards another phase of increasing the money supply. As a result, he advised investors to adopt an optimistic view on both cryptocurrency and conventional stocks. Source of image: The Orange Pill Feed on X. Arthur Hayes likened the present market situation to that of the third quarter of 1883. During that period, the market was concerned about increasing interest rates and escalating tensions following the FTX collapse. In response to help the markets bounce back, the U.S. introduced a funding initiative amounting to $21.88 trillion. Hayes suggests that a comparable influx of liquidity is on the horizon, which will positively impact Bitcoin.