Arthur Hayes: Bitcoin is expected to rise to $1 million by 2028, but there may be tactical shorting opportunities in the short term

Odaily News Arthur Hayes said in a new post that he has re-added to cryptocurrencies at market lows and believes that now is a good time to pick quality altcoins that can outperform Bitcoin in a bull market. He is particularly optimistic about two projects: $PENDLE and $ETHFI. The return of foreign capital and the massive depreciation of US bonds will be the two major catalysts that will drive Bitcoin to $1 million by 2028. He mentioned that the 2028 US presidential election may bring policy uncertainty, but now is a critical period for Bitcoin to benefit. Although he believes that Bitcoin will rise to $1 million, there are still opportunities for short-term tactical shorting. He pointed out that capital controls and money printing are coming, but the road ahead is full of uncertainty. Trump's team is not consistent on capital controls, so there may be different policy directions.