Arthur Hayes, Chief Investment Officer at Maelstrom, has projected that Bitcoin could reach $1 million by 2028. Speaking during the Token2049 conference in Dubai, Hayes attributed the long-term bullish outlook to a likely increase in dollar liquidity driven by U.S. monetary policy.
He linked these financial indicators to the situation from late 2022, which led the Federal Reserve to start a $2.5 trillion funding program. Federal Reserve funding at $2.5 trillion restored market confidence through an intervention during the previous market decline.
Hayes predicts an incoming liquidity surge that might be a strong market driver for crypto and equity investments.
Hayes supported investors by recommending an optimistic stance toward digital assets and traditional stock investments. Market experts anticipate that the U.S. Federal Reserve will change its policies thanks to rising speculation, accelerating financial market performance.
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Bitcoin Maintains Strength Above Key Support as Price Eyes Further Gains
Bitcoin extended its recent gains this week, touching a high of $95,460 and holding the firm above the crucial $90,000–$92,000 support zone. The cryptocurrency’s market capitalization surged to $1.88 trillion, while daily trading volume rose by 13 percent to $28 billion.
Technical indicators show that Bitcoin continues to operate within bullish conditions. The price maintains its position above the middle Bollinger Bands, where the upper band currently stands at $98,681. Technical factors indicate Bitcoin has the potential to rise higher under these market conditions.
The Relative Strength Index (RSI) currently shows 66.26, which indicates robust buying power since it has not reached the overbought area. The sustained support around recent price highs strengthens the bullish viewpoint that analysts and investors have been expressing.
A price jump to $96,000 presents a primary obstacle before traders can challenge the higher bounds at $99,000, which lies above. The market tends to favor buyers regardless of whether the price can surpass the resistance level. However, when higher levels remain unreachable, consolidation might be generated.
Conclusion
Arthur Hayes’ forecast of a $1 million Bitcoin highlights increasing confidence in the asset’s long-term trajectory. With technical patterns aligning with optimistic macroeconomic outlooks, Bitcoin’s upward trend continues to capture market attention.
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