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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Arthur Hayes Returns to the Market: Positioning in alts and Predicting Bitcoin to Reach $1 Million by 2028
Gate.io News bot message, according to Wu's report, crypto trader Arthur Hayes disclosed in his latest article that he has rebuilt a position at the market bottom. Hayes pointed out that it is currently suitable to lay out quality alts that outperform Bitcoin, specifically mentioning the two projects PENDLE and ETHF.
In the article, Hayes suggested that the price of Bitcoin will reach $1 million by 2028, driven by foreign capital inflows and the depreciation of U.S. Treasury bonds. At the same time, he emphasized that due to uncertainties in capital controls and monetary policy, along with the inconsistent positions of the Trump team on related issues, there are still tactical shorting opportunities in the short-term market.