PANews reported on May 15 that Arthur Hayes said in a newly published article that he has re-added his cryptocurrency holdings at the market lows and believes that now is a good time to pick high-quality altcoins that can outperform Bitcoin in the bull market. He is particularly optimistic about two projects: $PENDLE and $ETHFI.
The return of foreign capital and the massive depreciation of U.S. debt will be the two major catalysts that will push Bitcoin to $1 million by 2028. He mentioned that the 2028 U.S. presidential election may bring policy uncertainty, but the current period is a critical period for Bitcoin to benefit.
Although he believes 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. The Trump team is not consistent on capital controls, so there may be different policy directions.
