Arthur Hayes stated that Bitcoin will not see a substantial price increase until the Federal Reserve provides liquidity to fill the black hole in bank balance sheets. He believes that AI is destroying the income of knowledge workers and causing consumer credit defaults, which will ultimately force the Fed to intervene and push up Bitcoin's price. Arthur Hayes predicts that Bitcoin will reach $150,000 to $200,000 in the summer of 2026, $250,000 to $500,000 by the end of the year, and $1 million in 2028. Michael Saylor posted on the X platform that Strategy has spent approximately $2.54 billion to buy 34,164 Bitcoins, at an average price of approximately $74,395. As of April 19, 2026, the institution held a total of 815,061 Bitcoins, with a total acquisition cost of approximately $61.56 billion and an average price of approximately $75,527. They believe that the accumulation of corporate and ETF holdings will lead to non-linear repricing, and that if Strategy holds 7.5% of the total Bitcoin supply, the long-term target price is $10 million.