PANews reported on April 21 that, according to CoinDesk, Russell Thompson, Chief Investment Officer of crypto asset management firm Hilbert Group, stated that global liquidity is expected to tighten by 20% to 25%, putting short-term pressure on Bitcoin. Even if the Iranian issue is resolved quickly, risk assets will struggle to sustain a rally without external policy support. Thompson anticipates that US policymakers will take countermeasures, including reforms to supplement leverage, significant use of funds from the Treasury's total account, and a series of interest rate cuts under the new Federal Reserve Chairman. He maintains a medium- to long-term bullish view, expecting Bitcoin to "significantly rise" by the end of the year and reach an all-time high around 2027 as liquidity bottoms out. Thompson also expects progress in crypto regulation before the summer recess, and that the Federal Reserve's balance sheet will expand more rapidly due to deflationary pressures.