The 15-minute chart for Bolt Projects has triggered Bollinger Bands Narrowing, as well as a KDJ Death Cross at 05/02/2025 12:45. This indicates that the magnitude of stock price fluctuations is decreasing and the momentum is shifting towards the downside, suggesting a potential further decrease in the stock price.
Bitcoin, the world's leading cryptocurrency, has been the subject of numerous predictions and analyses. Arthur Hayes, co-founder of BitMEX, recently shared his bullish outlook at the TOKEN2049 conference in Dubai, predicting that Bitcoin could reach $1 million by 2028. His forecast is based on the potential impact of U.S. liquidity policies, specifically quantitative easing (QE), on the cryptocurrency's price.
Hayes argued that the current macroeconomic environment, characterized by high interest rates and uncertainty following the FTX collapse, mirrors the conditions of late 2022. He believes that the U.S. government will be compelled to inject more liquidity into the financial system, similar to the $2.5 trillion repo program activated in 2022. This liquidity, Hayes suggests, will flow into risk assets like Bitcoin, driving its price upwards.
The U.S. Federal Reserve's potential reluctance to support market stability under President Trump's influence is also a factor. However, Hayes expects relative value hedge funds to increase their purchases of U.S. debt, thereby boosting market liquidity. This liquidity, he argues, will then be channeled into Bitcoin, potentially propelling its price towards $1 million by 2028.
Hayes' projection aligns with broader expectations that increased dollar liquidity could fuel risk-on sentiment in both crypto and equities. Presto's Head of Research, Peter Chung, echoed this sentiment, forecasting Bitcoin to reach $210,000 by the end of 2025, representing a 120% potential upside from current prices. Other experts, such as Ark Invest and author Robert Kiyosaki, have also predicted Bitcoin's price to reach $1 million by the end of the decade.
In addition to Hayes' analysis, recent market developments support a bullish outlook. Bitcoin briefly crossed $97,000 in May 2025, driven by optimism surrounding potential U.S.-China trade deals. Japanese Bitcoin treasury firm Metaplanet has also doubled down on its acquisition strategy, issuing ¥3.6 billion ($23 million) in bonds to purchase more Bitcoin. Meanwhile, Michael Saylor's Strategy has doubled its capital plan to $42 billion to fund future Bitcoin purchases, reflecting a broader trend of institutional investment in the cryptocurrency.
However, it is essential to note that Bitcoin's price is volatile and influenced by various factors, including regulatory environments, technological advancements, and market sentiment. As such, while Hayes' prediction is intriguing, it should be approached with caution and considered alongside other market indicators.
References:
[1] https://coinedition.com/arthur-hayes-bitcoin-to-1-million-token2049-qe-liquidity-forecast-2028/
[2] https://bitzo.com/2025/05/bitcoin-price-analysis-btc-tests-97000-as-momentum-builds
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