Bitcoin.com News
Bitcoin.com News|Apr 04, 2025 09:32
Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange Bitmex, recently expressed his support for tariffs. He believes they can help correct global imbalances and benefit bitcoin (BTC) and gold in the medium term. 🇺🇸 Hayes noted that the weakening U.S. dollar, driven by foreign investors selling U.S. tech stocks, is favorable for these assets. He emphasized the need for China to allow its currency, the yuan (CNY), to weaken further in response to tariffs. 🇨🇳 He also called for easing measures from the Federal Reserve, predicting that the market anticipates interest rate cuts and potential quantitative easing to mitigate negative economic impacts. Additionally, Hayes highlighted the need for increased liquidity from the Bank of Japan, suggesting that a weak yen policy could lead to significant movements in the USD/JPY exchange rate. 🇯🇵 He concluded with a call for investors to remain patient and nimble in the current market environment. What are your thoughts on the impact of tariffs on cryptocurrencies and global markets?
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