Arthur Hayes predicts that Bitcoin hitting $1 million is 'easy' under current conditions.
Hayes attributes the growth of BTC from $3,800 to $70,000 to the $4 trillion stimulus injected into U.S. financial markets.
ETF-driven supply constraints are reducing the available BTC for spot buyers, leading to increased price volatility and potential upside.
With projections of double the capital injection by 2028 compared to post-COVID liquidity, Hayes sees a favorable macro environment for Bitcoin and believes in the path to $1 million per BTC.