PANews reported on April 1 that Arthur Hayes, co-founder of BitMEX, said in his latest blog post: "Bitcoin value = technology + legal liquidity. This technology works and will not undergo any major changes in the near future, whether good or bad. Therefore, Bitcoin trading is entirely based on the market's expectations of future legal currency supply. If my analysis of the Fed's major shift from Treasury QT to QE is correct, then Bitcoin hit a local low of $76,500 last month, and now we are starting to move towards $250,000 by the end of the year. Of course, this is not an exact science, but if I take gold as an example, if I had to bet between whether I think Bitcoin will hit $76,500 or $110,000 first, I would bet on the latter. Even if the U.S. stock market continues to fall due to tariffs, collapsing earnings expectations, or falling foreign demand, I still believe there is a greater probability that Bitcoin will continue to climb. Recognizing the pros and cons, Maelstrom is deploying capital cautiously. 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 pace of capital deployment will speed up or slow down depending on the accuracy of my forecasts. I still believe that Bitcoin can reach $250,000 by the end of the year. ”