BitMEX co-founder Arthur Hayes believes that while U.S. President Donald Trump’s tariff policies may shake up the global economy, the resulting financial turmoil could be exactly what Bitcoin needs to surge.
“Global imbalances will be addressed, and any economic pain will be masked by freshly printed money—great news for BTC,” Hayes stated in an April 3 post on X.
Why Tariffs Could Fuel Bitcoin’s Growth
“Some of you are panicking, but I LOVE TARIFFS,” Hayes remarked.
His comments follow the Trump administration’s decision to impose a universal 10% tariff starting April 5, with even steeper rates for key trading partners—China at 34%, the European Union at 20%, and Japan at 24%.
According to Hayes, such measures could work in Bitcoin’s favor for several reasons. One key factor is the potential weakening of the U.S. Dollar Index (DXY) as global investors unload U.S. equities and move capital back home.
On April 3, the Nasdaq 100 experienced its worst single-day point decline in history, shedding 1,060 points and narrowly avoiding a circuit breaker trigger, as reported by The Kobeissi Letter.
“This sets up a bullish outlook for BTC and gold in the mid-term,” Hayes added.
China’s Response Could Drive Crypto Adoption
Hayes also pointed out that China may react to the tariffs by devaluing the yuan (CNY), potentially allowing it to slip past 8.00 per USD. A weaker yuan could push Chinese investors toward alternative assets like Bitcoin as a hedge against currency depreciation.
Additionally, Hayes highlighted the need for Federal Reserve intervention, noting that the two-year Treasury yield plummeted after the tariff news. This drop suggests that markets anticipate Fed rate cuts or even a return to quantitative easing (QE) to counteract economic strain.
Lower interest rates and increased liquidity typically benefit riskier assets, including cryptocurrencies.
Meanwhile, Jeff Park, head of alpha strategies at Bitwise Invest, has also voiced his belief that Trump’s tariff strategy will ultimately push Bitcoin higher.
Back on Feb. 3, Park argued that a weaker dollar and lower U.S. interest rates could propel risk assets to unprecedented levels.
“Mark this down and check back as the financial landscape shifts—Bitcoin’s next explosive move is coming,” Park predicted.
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