Recently, at the WebX conference held in Tokyo, BitMEX co-founder Arthur Hayes made a striking point. He stated that due to the impact of U.S. stablecoin policies, the Crypto Assets market could experience a bull run lasting until 2028. This remark has sparked widespread discussion within the industry, with some questioning whether this is just an optimistic vision, while others believe it could be a real opportunity.

Hayes' views are primarily based on the changes in U.S. policy regarding European dollars. He predicts that the U.S. may regulate $10-13 trillion of European dollars and launch an official stablecoin. This move could lead to a sustained inflow of funds into the Crypto Assets market.

Specifically, there is about 1 trillion dollars in Eurodollars lacking high-quality investment projects. If official stablecoins are launched, this portion of funds is likely to first purchase stablecoins such as USDT and USDe, and then enter the decentralized finance (DeFi) sector for yield.

At the same time, Europe is accelerating the process of the digital euro, and other countries are also following up on the development of digital currencies. In this transformation of the global financial landscape, the Crypto Assets market may become one of the areas with the strongest liquidity. This situation is similar to the bull run triggered by the large-scale monetary easing policies in 2020, but this time it may be larger in scale and last longer.

It is worth noting that investors in the traditional financial sector are also beginning to pay attention to this trend. There are reports that some traditional financial practitioners have begun to shift some of their asset allocation to the cryptocurrency market.

However, investors need to remain cautious when participating in this potential long-term bull run. The high volatility of the crypto assets market and regulatory uncertainty still exist, and investors should make informed decisions based on their risk tolerance.

Overall, Hayes' prediction paints an optimistic picture for the future of the Crypto Assets market. However, the actual direction of the market will take time to verify. Regardless, this perspective undoubtedly provides a new angle of thought for the industry, worthy of our continued attention.