Bitmex co-founder Arthur Hayes said US president’s tariffs that Donald Trump could ride in the global economy in some way, but the same interruption may be exactly what Bitcoin needs to rally.
“The global imbalance will be corrected, and the disease -packed disease with printed money, which is good for BTC,” Hayes Says In a post of April 3 x.
Many factors contribute to Bitcoin’s potential bomb
“Some of the y’all are running, but I love tariffs,” Hayes said.
His comments come just one day after it announces that the Trump administration will hit all countries with a 10% tariff starting April 5Along with some countries faced at a larger rate, such as China faced with a 34%tariff, the European Union 20%, and Japan 24%.
Hayes explained that tariffs positively affect Bitcoin’s (Btc) Price for many reasons.
Bitcoin traded at $ 83,150 at the time of publication. Source: CoinMarketCap
One of them, he said, was the “weakening” of the US dollar index (DXY), while investors abroad continued to sell US stocks and “bring money home.”
April 3 marked “the biggest loss of the point of the single day for NASDAQ 100 in history,” According to Kobeissi’s letter is on the account of the trade resource.
“The index lost a total -1060 points and just came 1.5% away from the first circuit breaker from March 2020,” said the Kobeissi letter.
“It’s good for BTC and gold in the medium term.”
Hayes also said the strict tariff placed in China could weaken the Yuan (CNY). “With a 65% effective tariff imposed, China can respond by allowing CNY to weaken the past 8.00,” Hayes said.
A weak yuan can force the hands of Chinese investors to look at riskier assets like Bitcoin to maintain their wealth.
Meanwhile, Hayes said “we need a fed easing,” noticing that the two -year yields of the box were “thrown” following the tariff announcement.
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He explained this as a signal that markets expect the Federal Reserve to cut rates and potentially restart the amount of easing (QE) to reduce the negative economic impact.
Fed rate cuts increase liquidity, which also makes riskier assets Crypto is more attractive to investors.
Source: Arthur hayes
Meanwhile, Jeff Park, head of Alpha’s techniques in Bitwise Invest, has long argued that Trump’s tariffs will benefit Bitcoin.
She is Says On February 3 that in a “world of weaker dollars and weaker US rates … the US risk ownership will fly to the roof beyond your wild imagination.”
“I -Bookmark it and revisit it as the financial wars go out, sending violent bitcoin higher,” Parks said in Feb. 3.
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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
