Arthur Hayes, a prominent figure in the cryptocurrency space, has expressed his strong conviction that Bitcoin will reach a price of $1,000,000. Hayes attributes this potential surge to significant monetary expansion, citing that $4 trillion was printed during the COVID-19 pandemic, which led to a tenfold increase in Bitcoin’s value. He further notes that the $8.9 trillion printed under the MAGA administration makes the $1 million Bitcoin target achievable. Hayes has detailed his reasoning in multiple recent statements, emphasizing the ease with which Bitcoin can reach this milestone given the current economic conditions.