PANews reported on April 30 that Arthur Hayes reiterated his optimistic forecast for Bitcoin prices at the Token2049 conference in Dubai, believing that Bitcoin could rise to $1 million by 2028. Hayes pointed out that the United States will need to increase dollar liquidity, which is similar to quantitative easing, which will drive up cryptocurrency prices. He compared the current market conditions with the third quarter of 2022, when the market was concerned about factors such as central bank rate hikes, but the United States injected $2.5 trillion through a repurchase program. Hayes said that even if Federal Reserve Chairman Jerome Powell may not intervene directly in the market, arbitrage hedge funds may indirectly drive market recovery by increasing liquidity by purchasing Treasury bonds. He advised investors to "go long on everything," including cryptocurrencies and stocks.