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Arthur Hayes co-founder of BitMEX sees upcoming US tariffs as a boon for Bitcoin predicting a strong rally amid global economic recalibrations. On April 3 Hayes shared his thoughts stating that disruptions from President Trump’s new 10% tariffs effective April 5 could realign economic imbalances favorably affecting Bitcoin’s value. He highlighted the likelihood of global investors pulling out from the US markets leading to a weaker dollar and stronger Bitcoin and gold prices.
Hayes underscored several factors that could fuel Bitcoin’s surge including the expected weakening of the yuan due to stiff tariffs on China. He suggests that these financial pressures may drive Chinese investors toward Bitcoin as a method to safeguard their wealth. Further supporting Bitcoin’s potential climb is the anticipated US Federal Reserve’s response to cut rates and possibly reintroduce quantitative easing to mitigate tariff impacts.
Experts like Jeff Park from Bitwise Invest align with Hayes’ outlook suggesting that weaker US rates and a depreciating dollar could send risk assets including cryptocurrencies skyward. Parks advises keeping a close watch as these economic dynamics unfold potentially catapulting Bitcoin to new heights.
