In a Coin Stories podcast, Arthur Hayes stated that he wouldn't put his last dollar into Bitcoin right now because the Federal Reserve hasn't been forced to expand liquidity. Hayes believes that tariff policies will lead to inflation and could prompt the US to move towards capital controls, which would be a huge catalyst for Bitcoin's liquidity. Hayes maintains his long-term price target for Bitcoin in this cycle between $250,000 and $750,000, but warns that if the US-Iran conflict continues, Bitcoin could fall below $60,000 in the short term. Furthermore, Charles Schwab confirmed that he will launch direct spot trading of Bitcoin and Ethereum through new accounts in the first half of 2026. Research from Mercado Bitcoin shows that in the 60 days following major global shocks, Bitcoin has consistently outperformed gold and the S&P 500. Currently, Bitcoin's price has rebounded to around $67,300, while the cryptocurrency fear and greed index has been in the extreme fear zone for several weeks.