Recent economic measures taken by Donald Trump's administration are sparking discussion among experts in the crypto industry about their impact on Bitcoin.
Arthur Hayes' Opinions
BitMEX co-founder Arthur Hayes believes that the tariffs imposed by Trump's administration could not only cause disruptions in the global economy but also support Bitcoin's growth. "Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC," Hayes stated in an April 3 post.
Factors Contributing to Bitcoin's Growth
Hayes highlighted several factors that could positively affect Bitcoin's price. In particular, he mentioned the "weakening" of the US Dollar Index, which would make crypto assets more attractive to investors. He also pointed out that strict tariffs on China could weaken the yuan, prompting Chinese investors to consider Bitcoin as a means of preserving wealth.
Analysis of Other Experts' Opinions
Jeff Park, head of alpha strategies at Bitwise Invest, also expressed that Trump's tariffs could ultimately benefit Bitcoin, arguing that in a world of a weaker dollar and lower rates, risk assets would soar. "In a world of weaker dollar and weaker US rates...risk assets in the US will fly through the roof beyond your wildest imagination," he stated.
Discussions surrounding tariffs and their impact on Bitcoin continue to attract interest from experts. Many point out potential positive outcomes for cryptocurrencies in the context of global economic changes.
