BitMEX Co-founder Arthur Hayes ‘Loves Tariffs,’ Says This Is Good for Bitcoin

President Trump’s new global tariffs starting at 10% across the board have rattled markets, however, former BitMEX CEO Arthur Hayes said it is “good for Bitcoin.”

In a post on X, he said, “I LOVE TARIFFS,” adding that it is good for Bitcoin and gold over medium term.

“Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC.”

Some of y'all are running scurred, but I LOVE TARIFFS, some chart porn to understand why.

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

The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing larger rates. He called April 2 “Liberation Day” in America after signing an Executive Order instituting reciprocal tariffs on countries worldwide.

As a result of the tariffs, April 3 marked the “largest single-day point loss for the Nasdaq 100 in history.”

Hayes Outlines Reasons for Positive Impact on Bitcoin’s Price

In a series of posts on X, Hayes noted that the weakening of the dollar along with foreigners selling US stocks, would bring a positive effect on BTC prices.

Further, he said that the more stringent tariff on China might weaken the Chinese yuan (CNY). “With a 65% effective tariffed levied, China could respond by allowing CNY to weaken past 8.00,” he wrote. This might pivot Chinese investors to look for assets like Bitcoin.

Hayes also emphasized that “we need Fed easing,” adding that the two-year treasury yield “dumped” after Trump’s tariff announcement.

“The market is telling us the Fed will be cutting soon and possibly restarting QE to counter -ve economic impact,” Hayes wrote. “Be patient, be nimble, be liquid.”

Tariffs “Favor Bitcoin” to Climb Higher: Hayes

Arthur Hayes wrote in a blog on Tuesday that Bitcoin prices depend on technology and fiat liquidity combined. He noted:

“The technology works, and there aren’t any major changes, good or bad, occurring in the near future. Therefore, Bitcoin trades solely based on the market expectation for the future supply of fiat.”

Even if US stocks continue falling in reaction to tariffs, “I am confident that the odds favour Bitcoin continuing to climb higher.”

Industry Players See Optimism in BTC Price Post Tariffs

In a conversation with Crypto News, Gadi Chait, Investment Manager at Xapo Bank, noted that Bitcoin’s long-term trajectory “remains undeniable.”

“When fears of inflation driven by tariff uncertainty rise, crypto suffers in the short term.”

Gus van Rijckevorsel, CEO of Ultra gaming firm, said that with Trump’s recent Liberation Day tariffs there would be a fallout throughout Q2 and possibly throughout the summer.

“We’re starting to see positive indicators that the market is moving in the right direction,” he told Crypto News via email.

Additionally, James Toledano, Chief Operating Officer at Unity Wallet, stressed that crypto has “followed suit, but to a lesser extent—for now.”

“Bitcoin’s holding around $83.7K, showing some resilience, though it’s still down 4.4% over the past week,” he said in a separate response.

“This reflects what we’ve seen over the last three months: digital assets aren’t immune to macro shocks,” Toledano added. “Crypto could regain its appeal as an off-ramp from traditional finance. It’s too early to call it a safe haven, but it may yet decouple if confidence in fiat wavers.”