Former BitMEX co-founder Arthur Hayes believes that the Federal Reserve's monetary policy could drive Bitcoin to $1 million per coin.
Hayes states that Bitcoin's value is mainly determined by global fiat liquidity, with its price action increasingly tied to central bank policies.
He emphasizes that a change in Fed Chair Jerome Powell's recent statements suggests a shifting monetary landscape, making him 'extremely bullish' on crypto's trajectory.
Hayes previously predicted a $1 million Bitcoin price, but notes that it could also be $660,000, $500,000, or some other round number.