Arthur Hayes: "Trump's Tariffs Could Be a Catalyst for Bitcoin (BTC) Bullishness"

Arthur Hayes, co-founder of BitMEX, predicted that President Trump's new tariff policy might cause turmoil in the global market but could ultimately have a positive effect on Bitcoin (BTC).

According to CoinPaper, a cryptocurrency media outlet, Hayes stated on his X (formerly Twitter) on the 4th (local time) that "the imbalance of the world economy will be adjusted due to tariffs, and each country's response will lead to monetary policy easing and liquidity injection." Hayes also said, "Some may fear it, but I love tariffs."

Previously, the Trump administration announced that starting from the 5th, a 10% basic tariff would be imposed on all countries, with higher rates of 34% on China, 20% on the European Union (EU), and 24% on Japan.

Hayes analyzed that this measure could weaken the dollar and stimulate capital outflow, thereby increasing demand for Bitcoin. On the 3rd, the Nasdaq 100 index plummeted by 1060 points due to the tariff shock, marking the largest single-day drop in history. This was the first time since March 2020 that it reached the level just before the circuit breaker was triggered.

He also mentioned the possibility of the Chinese yuan weakening. The Chinese government could lower the dollar/yuan exchange rate to above 8.00, leading Chinese investors to choose Bitcoin as a means of asset protection.

The decline in U.S. Treasury yields, expectations of interest rate cuts, and the possibility of increased liquidity were also identified as factors that could boost Bitcoin prices. Hayes evaluated that "(expectations of interest rate cuts, etc.) macroeconomic trends are positive for gold and Bitcoin in the medium term."