In a newly released article, Arthur Hayes stated that he has re-invested in cryptocurrencies at market lows and believes now is a good time to pick quality altcoins that can outperform Bitcoin in a bull market. He is particularly optimistic about two projects: $PENDLE and $ETHFI.

Foreign capital inflow and the massive devaluation of U.S. bonds will be the two major catalysts driving Bitcoin to $1 million by 2028. He mentioned that the 2028 U.S. presidential election might bring policy uncertainty, but currently, it is a critical period for Bitcoin to benefit.

Although he believes Bitcoin will rise to $1 million, there are still short-term tactical shorting opportunities. He pointed out that capital controls and money printing are imminent, but the road ahead is full of uncertainty. The Trump team is inconsistent on capital control, so there may be different policy directions.