Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Market updates
Arthur Hayes loves tariffs as printed money pain is good for Bitcoin

Arthur Hayes loves tariffs as printed money pain is good for Bitcoin

Beginner
2025-04-04 | 5m
BitMEX co-founder Arthur Hayes says US President Donald Trump's tariffs may rattle the global economy in some ways, but that same disruption could be exactly what Bitcoin needs to rally. “Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC,” Hayes said in an April 3 X post. “Some of y'all are running scurred, but I LOVE TARIFFS,” Hayes said.
His comments come just a day after it was announced that the Trump administration will hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.
Hayes explained that tariffs positively impact Bitcoin's price for several reasons. One of them, he said, is the “weakening” of the US Dollar Index (DXY), as overseas investors continue to sell off US stocks and “bring money home.” April 3 marked “the largest single-day point loss for the Nasdaq 100 in history,” according to the trading resource account The Kobeissi Letter. “The index lost a total of -1060 points and came just 1.5% away from triggering the first circuit breaker since March 2020,” The Kobeissi Letter said. "This is good for BTC and gold over the medium term."
Hayes also said that the stringent tariff placed on China may weaken the yuan (CNY). “With a 65% effective tariff levied, China could respond by allowing CNY to weaken past 8.00,” Hayes said. A weakening yuan may force the hand of Chinese investors to look at riskier assets such as Bitcoin to preserve their wealth.
Meanwhile, Hayes said that “we need Fed easing,” noting that the two-year Treasury yield “dumped” following the tariff announcement. He explained this as a signal that markets expect the Federal Reserve to cut rates and potentially restart quantitative easing (QE) to offset the negative economic impact. Fed rate cuts increase liquidity, also making riskier assets like crypto more attractive to investors.
Meanwhile, Jeff Park, head of alpha strategies at Bitwise Invest, has long argued that Trump's tariffs will ultimately benefit Bitcoin. He said on Feb. 3 that in a “world of weaker dollar and weaker US rates…risk assets in the US will fly through the roof beyond your wildest imagination.” “Bookmark this and revisit as the financial war unravels, sending Bitcoin violently higher,” Parks said on Feb. 3.
Source: CoinTelegraph

Futures Market Updates

Markets are showing cautious optimism for Bitcoin.

Bitcoin Futures Updates

Total BTC Open Interest: $52.44B (+0.76%)
BTC Volume (24H): $104.51B (-34.96%)
BTC Liquidations (24H): $37.45M (Long)/$24.32M (Short)
Long/Short Ratio: 50.05%/49.95%
Funding Rate: 0.0055%

Ether Futures Updates

Total ETH Open Interest: $20.45B (+2.39%)
ETH Volume (24H): $39.09B (-31.21%)
ETH Liquidations (24H): $39.18M (Long)/$12.89M (Short)
Long/Short Ratio: 49.37%/50.63%
Funding Rate: 0.0024%

Top 3 OI Surges

AMP: $3.52M (+773.53%)
RARE: $54.09M (+270.36%)
USUAL: $52.68M (+114.80%)
Share
link_icon
How to sell PIBitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade now