Arthur Hayes, co-founder of BitMEX, has projected that Bitcoin could reach $250,000 by the end of 2025. Speaking at KBW 2025, Hayes attributed this potential surge to an expected increase in the U.S. Treasury's money supply and anticipated Federal Reserve rate cuts. He emphasized that these factors, coupled with inflationary pressures, could drive investors towards Bitcoin, which is limited to a supply of 21 million coins. Hayes also suggested that U.S. President Donald Trump's influence on the Federal Reserve's monetary policy could extend Bitcoin's bull cycle.