Arthur Hayes: Bitcoin is expected to rise to $1 million by 2028, but there may be tactical short selling opportunities in the short term Arthur Hayes stated in a newly published article that he has re invested in cryptocurrencies at market lows and believes that now is a good time to select high-quality altcoins that can outperform Bitcoin in a bull market. He is particularly optimistic about two projects: PENDLE and ETHFI. The return of foreign investment and the massive depreciation of US Treasury bonds will become the two major catalysts driving Bitcoin to rise to $1 million by 2028. He mentioned that the 2028 US presidential election may bring policy uncertainty, but currently it is a critical period for Bitcoin to benefit. Although he believes that Bitcoin will rise to $1 million, there are still opportunities for short-term tactical short selling. He pointed out that capital controls and currency printing are imminent, but the road ahead is full of uncertainty. The Trump team is not consistent in capital control, so there may be different policy directions.