More and more analysts are predicting a shift in the world’s economy as tariffs get enacted and affect consumers and producers worldwide. Arthur Hayes, former CEO and co-founder of Bitmex, a global crypto exchange, has referred to how tariffs would make countries shift from natural investments like stocks and U.S. treasuries to other value assets.
Hayes, recently pardoned by President Donald Trump for failing to maintain adequate AML and KYC programs, stated that this new trade order would mean the end of U.S. treasuries and equity as a global reserve asset.
Read more: President Trump Clears Bitmex Founders’ Convictions
On social media, Hayes clarified that, if the U.S. deficit gets corrected, more countries would abandon the U.S. debt bandwagon and sell whatever assets they have to start from scratch again, formulating U.S.-like country-first policies due to the dollar scarcity.
Hayes asseverated:
Even if Trump backtracks on the severity of the tariffs, no finance minister or world leader can risk Trump changing his mind again.
Hayes explained that this represents the return of gold as a neutral reserve asset, as the dollar will keep being a reserve asset but most global markets will choose gold to settle global trade. He stated that this is why Trump has not applied tariffs to gold, as it must flow freely in this new market conception.
Before, Hayes publicly voiced his support for the idea of tariffs implemented by the Trump administration to correct several economic imbalances.
Read more: Arthur Hayes Champions Tariffs as a Path to Strengthen Bitcoin and Gold
“For those who want to adapt to a return to pre-1971 trade relationships, buy gold, gold miners, and $ BTC,” Hayes recommended, remarking on the relevance of these commodities as hedges against money printing and the effects of restrictive foreign tariffs.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
