Gate News message, April 23 — Arthur Hayes believes Bitcoin will not see substantial gains until the Federal Reserve provides liquidity to fill holes in bank balance sheets. He contends that artificial intelligence is destroying knowledge worker incomes and causing consumer credit defaults, which will ultimately force the Fed to intervene and push Bitcoin higher. Hayes forecasts Bitcoin will reach $150,000 to $200,000 in summer 2026, $250,000 to $500,000 by year-end, and $1 million by 2028.
Meanwhile, MicroStrategy announced it has invested approximately $2.54 billion to acquire 34,164 additional Bitcoin at an average price of $74,395. As of April 19, 2026, the company holds 815,061 BTC with a total acquisition cost of approximately $61.56 billion and an average price of $75,527.
MicroStrategy CEO Michael Saylor stated that corporate and ETF accumulation will drive non-linear repricing of Bitcoin. He projected that if MicroStrategy holds 7.5% of total Bitcoin supply, the long-term target price would be $10 million per BTC.
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