BitMEX founder Arthur Hayes, speaking at Korea Blockchain Week, projected that Bitcoin could surpass $1 million due to a $15.2 trillion credit expansion by 2028. Hayes highlighted the U.S. government's strategy of using the Genius Act and stablecoin regulations to attract price-inelastic buyers for short-term Treasury bills, avoiding long-term debt issuance. He suggested that if the government fully controls monetary policy, this macroeconomic easing could disrupt the traditional four-year cycle, significantly boosting Bitcoin's value.