Arthur Hayes loves tariffs as printed money pain is good for Bitcoin
Arthur Hayes, co-founder of BitMEX, suggests that US President Donald Trump's tariffs could disrupt the global economy but may also boost Bitcoin's price. He argues that tariffs will lead to corrections in global imbalances, benefiting Bitcoin as printed money increases its value. The Trump administration's announcement of a 10% tariff on all countries, with higher rates for China (34%), the EU (20%), and Japan (24%), coincided with a significant drop in the Nasdaq 100. Hayes believes that a weakening US Dollar Index and potential depreciation of the Chinese yuan could drive investors towards Bitcoin. He emphasizes the need for Federal Reserve easing, as lower rates would enhance liquidity and make riskier assets like Bitcoin more appealing. Jeff Park from Bitwise Invest supports this view, predicting that a weaker dollar and US rates will significantly elevate risk assets, including Bitcoin.
