Bitcoin News Today: Arthur Hayes Backs Trump Tariffs as a Bullish Trigger for Bitcoin Price

BitMEX co-founder Arthur Hayes says U.S. President Donald Trump’s sweeping tariffs could disrupt global markets — but that may be just what Bitcoin needs to soar.In an April 3 post on X, Hayes enthusiastically declared his support for the new tariff policy, writing, “Some of y’all are running scurred, but I LOVE TARIFFS.” He believes the resulting economic strain will be met with monetary stimulus, which historically benefits Bitcoin. Tariffs Could Trigger Printed Money—and a Bitcoin BoomAccording to Hayes, Trump's global tariff plan — which includes a 10% blanket tariff on all imports starting April 5, and even harsher rates for China (34%), the European Union (20%), and Japan (24%) — will correct “global imbalances.”“The pain [will be] papered over with printed money, which is good for BTC,” Hayes said, arguing that the inevitable monetary easing will serve as fuel for the next crypto bull run.How Tariffs Could Drive BTC HigherHayes outlines multiple factors that could make the current economic environment favorable for Bitcoin:Weakening U.S. Dollar Index (DXY): As global investors sell off U.S. equities and repatriate funds, the DXY could fall, boosting demand for alternative assets like Bitcoin.Fed Rate Cuts & QE: Hayes noted a sharp drop in the two-year Treasury yield after the tariff announcement, signaling expectations of Federal Reserve interest rate cuts and potentially a return to quantitative easing (QE).Weaker Chinese Yuan: With China now facing a 65% effective tariff, Hayes predicts that Beijing may let the yuan (CNY) weaken past 8.00, pushing Chinese investors to seek hedges like Bitcoin to preserve wealth. Market Volatility Creates OpportunityApril 3 saw a historic drop in traditional markets. The Nasdaq 100 posted its largest single-day point loss ever, shedding 1,060 points — nearly triggering a circuit breaker for the first time since the 2020 COVID crash, according to The Kobeissi Letter.“This is good for BTC and gold over the medium term,” Hayes asserted.Experts Agree: Bitcoin Set to BenefitHayes isn’t alone. Jeff Park, Head of Alpha Strategies at Bitwise Invest, previously predicted in February that Trump’s trade war would ultimately drive BTC “violently higher.”“In a world of weaker dollar and weaker U.S. rates… risk assets in the U.S. will fly through the roof beyond your wildest imagination,” Park said.Bitcoin Positioned to Thrive Amid Trade TurmoilAs macroeconomic uncertainty intensifies and policymakers weigh rate cuts to soften the impact of Trump’s tariff strategy, Arthur Hayes and others believe Bitcoin stands to benefit from rising liquidity, weakening fiat currencies, and global investor unease.If history repeats, this could mark the beginning of a powerful new leg in Bitcoin’s bull market — driven not by hype, but by policy and capital rotation, according to Cointelegraph.