According to Hodler’s Digest from May 11th to 17th, Arthur Hayes, the former CEO of BitMEX, predicted that Bitcoin could reach one million US dollars in 2028. Hayes believes that changes in global capital controls and the “depreciation” of US Treasury bonds will make Bitcoin the preferred safe-haven asset for investors around the world. He said that the return of foreign capital and the depreciation of the huge US national debt would be the two major catalysts driving Bitcoin to reach one million US dollars from now until 2028.
In addition, some cryptocurrency analysts predict that altcoins are about to experience a “strong rebound”. Hayes also mentioned that the arrival of the altcoin season needs to wait for Bitcoin to break through $110,000 and continue to rise in volume to the range of $150,000 to $200,000. It is expected that this situation will occur in the summer of this year or early in the third quarter, after which funds will start to rotate to various altcoins.
At the same time, there were other related news. A federal judge in the United States sentenced Eric Conseil to 14 months in prison for his involvement in Posting false announcements on the X account of the US Securities and Exchange Commission, claiming that it would approve spot Bitcoin ETFs. Mixed martial arts champion Connor McGregor supports the establishment of a Bitcoin reserve in Ireland, claiming that the original intention of cryptocurrencies is to return power to the people.
A report released on May 15th shows that after surveying 295 executives from traditional banks, financial institutions, fintech companies and payment gateways, it was found that nearly half (49%) of the respondents said they were already using stablecoins in payments, 23% were conducting pilot tests, and another 18% were in the planning stage. These developments all reflect the latest developments in the cryptocurrency field and the focus of attention from all parties.
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