Ah, darling Arthur Hayes, co-founder of BitMEX, seems to revel in the chaos wrought by US President Donald Trump’s looming tariffs. He suggests that while such pandemonium may rattle the delicate nerves of the global economy, *voilà*, it might just be the delightful disturbance Bitcoin has been praying for to *rise* like a phoenix from the ashes.
“Global imbalances will be corrected,” he chirped inexplicably, “and the pain, sweetly concealed by printed money, is positively splendid for BTC,” he proclaimed on April 3 in a rather spirited post on X.
A Cocktail of Factors That Might Just Send Bitcoin Soaring
“Some of you are positively quaking in your boots, but I absolutely ADORE TARIFFS!” Hayes declared, channeling the spirit of a demented confetti enthusiast at a financial soirée.
This exuberance came on the heels of the Trump administration’s announcement, which will apparently grace all countries with a *10%* tariff starting April 5. And, as our friends in China and the European Union brace themselves for heavier blows—34% and 20% respectively—it seems the stage is set for a spectacular show!
Hayes elaborated that tariffs, in all their glory, can significantly boost Bitcoin’s (BTC) price for a myriad of delightful reasons.
One of his more charming points includes the “weakening” of the US Dollar Index (DXY). This, he believes, encourages overseas investors to both sell off US stocks and *huzzah*—*bring their precious money home*.
On April 3, we witnessed “the largest single-day point loss for the Nasdaq 100 in history,” according to the rather theatrical The Kobeissi Letter. The index plummeted by a staggering 1,060 points, tantalizingly close to triggering the first circuit breaker since March 2020.
“This portends good news for BTC and gold—oh, the drama!” Hayes exclaimed.
He also mused that Trump’s tariffs could lead to a rather scandalous weakening of the yuan (CNY). “With a 65% effective tariff in play, one could expect China to permit the yuan to tumble past 8.00,” he suggested, as though discussing the latest scandal in society pages.
A wilting yuan might force the Chinese investors into the arms of riskier assets—hello, Bitcoin!—to protect their hard-earned wealth.
Meanwhile, Hayes practically begged for “Fed easing,” as the two-year Treasury yield took a delightful nosedive following the tariff chatter.
“Markets appear to anticipate the Federal Reserve cutting rates and perhaps reviving quantitative easing (QE),” he informed us. *How terribly thrilling!* Such rate cuts could enhance liquidity, making those audacious crypto assets even more enticing!
Meanwhile, our charming friend Jeff Park, the head honcho of alpha strategies at Bitwise Invest, has long maintained that Trump’s tariffs will ultimately shower Bitcoin with unprecedented affection.
On February 3, he claimed that in a “climate of a weaker dollar and lower US rates… risk assets in the US will soar higher than your wildest fantasies.”
“Mark my words and come back later when this financial farce unfolds, *sending Bitcoin skyrocketing*,” Park flamboyantly predicted.
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2025-04-04 09:31