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Arthur Hayes believes that Trump's trade tariffs could be a driver of Bitcoin growth
BitMEX co-founder Arthur Hayes believes that the trade tariffs imposed by Donald Trump could become a driver of Bitcoin growth. In his opinion, if BTC stays above $76,500 until April 15, this will strengthen the market. Hayes believes that the consequences of the trade war will be offset by monetary injections that weaken the dollar, which plays into the hands of both Bitcoin and gold.
The businessman also noted that foreign investors are already starting to sell off American tech companies, converting revenue into national currencies. This reduces demand for the dollar and pushes capital towards alternative assets. In the event of further weakening of the Chinese yuan, Chinese investors may turn to Bitcoin as a safe haven asset.
In addition, Hayes expects the Fed to soften its policy and lower rates in response to macroeconomic risks. This, he said, will increase liquidity in the market and increase investor interest in cryptocurrencies, contributing to a possible new rally in Bitcoin.
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