Hayes: Tariffs Could Propel Bitcoin and Gold to New Heights
Arthur Hayes, co-founder of Bitmex, recently supported tariffs as a way to correct global imbalances and benefit bitcoin (BTC) and gold.
He highlighted the weakening U.S. dollar, driven by foreign selling of U.S. tech stocks, as favorable for these assets. Hayes also urged China to allow its yuan to weaken further and called for easing measures from the Federal Reserve to mitigate economic impacts.
Additionally, he suggested the Bank of Japan’s increased liquidity and a weak yen policy could significantly affect the USD/JPY exchange rate, advising investors to stay patient and adaptable in the current market.
Clever Robot News Desk 7th April 2025
