On April 23, Arthur Hayes stated that while Trump may push for tariff policies again in the future, Bitcoin would not be affected like tech stocks. Due to high debt levels and the difficulty of maintaining deflationary policies, Bitcoin will benefit. He believes the Treasury's debt buyback plan provides liquidity to the market, allowing Bitcoin to find support amidst uncertainty. It is expected that Bitcoin could climb to $200,000 after breaking $110,000, potentially triggering a shift from Bitcoin to other cryptocurrencies, kicking off a new "altcoin season."