The recent announcement of global tariffs beginning at 10% by President Trump has caused significant volatility in financial markets. However, Arthur Hayes, the former CEO of BitMEX, maintains that this development may actually benefit Bitcoin.
Expressing his views on X, Hayes declared his enthusiasm for tariffs, asserting they could have favorable implications for both Bitcoin and gold over the medium term.
He elaborated that the imbalances in the global economy are likely to be addressed, with the challenges mitigated through monetary expansion which he sees as advantageous for Bitcoin. “Some of y’all are running scurred, but I LOVE TARIFFS,” he stated, providing insights into his perspective on the potential market adjustments.
Global imbalances will be corrected, and the pain papered over with printed money, which is good for $BTC. pic.twitter.com/jc5eZ2VIEa
— Arthur Hayes (@CryptoHayes) April 4, 2025
In a significant move, the Trump administration has implemented a 10% tariff starting April 5, with certain countries facing even higher rates. The president referred to April 2 as “Liberation Day” following his signing of an Executive Order that introduced reciprocal tariffs worldwide.
The immediate impact was felt in the stock market, with April 3 registering the steepest single-day decline for the Nasdaq 100 on record.
Hayes Explains the Positive Outlook for Bitcoin
In a series of posts on X, Hayes discussed the implications of a weakening dollar and foreign investors offloading U.S. stocks, which he predicts could boost Bitcoin’s value.
He pointed to potential consequences of the heightened tariffs on China, suggesting that a tougher stance may devalue the Chinese yuan (CNY). “With a 65% effective tariff levied, China could respond by allowing CNY to weaken past 8.00,” Hayes noted. This shift could encourage Chinese investors to seek out Bitcoin as an alternative asset.
Hayes emphasized the necessity for easing from the Federal Reserve, highlighting that the two-year treasury yield notably dropped following the tariff announcement.
“The market is signalling that the Fed will be cutting interest rates soon and may resume quantitative easing to mitigate negative economic impacts,” he stated. “Be patient, be nimble, be liquid,” he advised investors.
Positive Sentiment for Bitcoin’s Future Growth
In a recent blog post, Hayes elaborated on Bitcoin’s price trajectory, linking it to advancements in technology and the availability of fiat liquidity. He remarked:
“The technology works, and there are no significant changes, positive or negative, expected in the near future. Thus, Bitcoin’s value is fundamentally dictated by market expectations regarding the future supply of fiat currency.”
He expressed confidence that despite potential declines in U.S. stock markets due to tariffs, the indicators are conducive for Bitcoin’s continued ascent.
Industry Experts Share Positive Insights on Bitcoin Post-Tariffs
In discussions with Crypto News, Gadi Chait, Investment Manager at Xapo Bank, affirmed that Bitcoin’s long-term outlook remains robust.
“While tariff-related inflation fears may trigger short-term turbulence for crypto, the long view remains strong,” he stated.
Gus van Rijckevorsel, CEO of Ultra gaming firm, commented that the repercussions of Trump’s new tariffs are likely to create market impacts extending through the second quarter and potentially into the summer.
“We are beginning to see encouraging indicators suggesting that the market is shifting positively,” he expressed in an email to Crypto News.
Similarly, James Toledano, Chief Operating Officer at Unity Wallet, noted that while crypto has responded to macroeconomic conditions, it has done so to a lesser extent. Bitcoin’s current valuation is resilient at around $83.7K, though it has seen a decline of 4.4% in the past week.
“This trend reflects the ongoing reality: digital assets are not insulated from broader economic shocks,” Toledano remarked. “As user confidence in fiat diminishes, cryptocurrencies like Bitcoin may regain their role as an alternative to traditional finance.”
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