Source: Cointelegraph.com NewsKey points:<\/p>\n
US treasuries and foreign capital \u201crepatriation\u201d make a recipe for $1 million BTC, says Arthur Hayes.
\nEuropeans face tightening capital controls, inviting a recommendation to take back control of personal funds.
\nSeven-figure BTC price targets are already gaining traction.<\/p>\n
Bitcoin (BTC) will shoot to $1 million in just three years thanks to global macroeconomic shifts, Arthur Hayes forecasts. Source: Cointelegraph.com NewsKey points: US treasuries and foreign capital \u201crepatriation\u201d make a recipe for $1 million BTC, says Arthur Hayes. Europeans face tightening capital controls, inviting a recommendation to take… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129316"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129316"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129316\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129316"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nIn his latest blog post released on May 15, the former CEO of crypto exchange BitMEX doubled down on his sky-high BTC price prediction.
\nHayes: $1 million Bitcoin due \u201cbetween now and 2028\u201d
\nBitcoin has two giant tailwinds that will help propel it to seven digits in just a few years.
\nFor Hayes, shifting capital controls worldwide, as well as US treasury \u201cdevaluation,\u201d mean that Bitcoin will become the go-to safety net for investors everywhere.
\nHe summarizes:
\n\u201cForeign capital repatriation and the devaluation of the gargantuan stock of US treasuries will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028.\u201d
\nTLT US exchange-traded fund indexed in gold, Bitcoin (screenshot). Source: Arthur Hayes\/SubstackWhile that date may appear arbitrary and demand 900% BTC price gains, Hayes argues that the financial landscape could change in an instant depending on the next US governmental administration.
\n\u201cI say 2028, because that is when the next US presidential election occurs and who knows what type of politician will win and what policies they will enact,\u201d he continues.
\nWhile the Presidency of Donald Trump has enacted various pro-crypto policies, these could also begin to reverse if a shift in government occurs. In Europe, meanwhile, an increasing desire to control and even suppress crypto use by the general population signals a growing divergence.
\n\u201cNot even China has banned the private ownership of Bitcoin because it knows it\u2019s counterproductive and impossible,\u201d Hayes writes.\u00a0
\n\u201cFor you Euro-poor-peans, whose governments practice a less effective form of communism than China, don\u2019t expect the European Central Bank (ECB) to learn this lesson without trying. Therefore, get your money out now!\u201d
\nBetting on a seven-figure breakout
\nAs Cointelegraph reported, Hayes has not been shy about predicting both short-term and longer-term BTC price expansion in the years to come.
\nRelated: Bitcoin looks \u2018ridiculous\u2019 as bulls attempt $2T market cap flip \u2014 Analyst
\nIn April, he foresaw the return to $100,000, and before that, joined those seeing the mid-$70,000 zone as a likely local bottom.
\nMultimillion-dollar targets for the next decade include those of major financial players such as Fidelity Investments.
\nMichael Saylor, CEO of business intelligence firm Strategy, which has the world\u2019s largest Bitcoin treasury of any public company, told mainstream media this week that he envisages a $10 trillion valuation.
\n\u201cMy forecast for 2045 is 13 million a Bitcoin,\u201d he added.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"