According to Foresight News, BitMEX co-founder Arthur Hayes stated in his latest blog post, "Bitcoin value = technology + legal liquidity. This technology is effective and will not undergo any significant changes in the near future, for better or worse. Therefore, Bitcoin trading is entirely based on market expectations of future legal currency supply. If my analysis of the Federal Reserve's major shift from Treasury QT to QE is correct, then Bitcoin touched a local low of $76,500 last month, and now we are beginning to move towards $250,000 by the end of the year."

He also said, "This is not an exact science, but if I were to bet on whether Bitcoin would first touch $76,500 or $110,000, I would bet on the latter. Even if the US stock market continues to decline due to tariffs, collapsed earnings expectations, or reduced foreign demand, I still believe that the probability of Bitcoin continuing to rise is higher. Recognizing the pros and cons, Maelstrom is cautiously deploying capital. We do not use leverage, and we make small purchases relative to the size of our total portfolio. We have been buying Bitcoin and Altcoins at all levels between $90,000 and $76,500. The speed of capital deployment will accelerate or slow down based on the accuracy of my predictions. I still believe that Bitcoin can reach $250,000 by the end of the year."