Arthur Hayes predicts tariffs will boost Bitcoin’s price
According to Hayes, the weakening US Dollar and potential rate cuts would make Bitcoin more attractive to investors.
Arthur Hayes, the co-founder of BitMEX, believes that the tariffs introduced by US President Donald Trump could benefit Bitcoin to benefit. Bitcoin sees this impact occurring in the medium term.
He argues that while the tariffs may disrupt the global economy, the resulting financial imbalances would ultimately be corrected. The correction would come with printed money, which bodes well for Bitcoin’s price.
Hayes made his comments following the announcement of a 10% tariff on all countries, with certain nations like China facing even higher rates.
According to Hayes, these tariffs will weaken the US Dollar Index (DXY), as foreign investors sell off US stocks and repatriate their funds. The situation could push investors towards Bitcoin and other safe-haven assets like gold.
Hayes also predicts that tariffs on China could lead to a devaluation of the yuan. Furthermore, Hayes suggests that the Federal Reserve may need to implement easing measures. It could include rate cuts in response to the economic impacts of the tariffs.
Hayes’ stance aligns with Jeff Park of Bitwise Invest. He also believes that Trump’s tariffs could ultimately send Bitcoin’s price soaring.
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