Arthur Hayes, co -founder of Bitmex, said Thursday’s planned tariffs were a positive catalyst for BTC (Bitcoin) prices.
As money printing increases, investors will lead to Bitcoin. This can be carried out during the interim period, but the tense market looks at the disadvantages. There may be more sales before the BTC explosion increases.
BTC explosion!
According to Hayes, liquidity improvement in money printing will ultimately promote growth by placing Bitcoin in an attractive investment. This explains his ‘love’ of his ‘love’, which explains the tariffs in contrast to the general weakness of the investors.
In a subsequent statement, Hayes pointed out the impact of Trump’s tariffs on the Japanese economy. He added that the policy would stimulate the Bank of Japan to inject liquidity into the economy to cope with tariffs.
In this scenario, Hayes predicted that the USDJPY exchange rate could rise to 160. The analyst said it would create a transaction opportunity for investors.
Earlier this week, Hayes suggested that Trump’s tariff policy is an intentional attempt to solve the global trade imbalance. He will interfere with international trade, which will prevent foreigners from acquiring US Treasury bonds.
According to Hayes, the Federal Reserve’s Board of Directors and the US Bank Systems must intervene in order to maintain the stability of the financial market.
Hayes also stated that the Bitcoin market would have avoided some negative situations if Bitcoin could have $ 76,500 by April 15th.
Bitcoin has a decrease in panic sales as the trader unlods.
After the mirror of the price, the hedge of Bitcoin’s status and inflation as a “digital gold” has been challenged nowadays. This means that Bitcoin is also decreasing when facing macroscopic uncertainty increase.
Thursday, the US stock index plunged following Trump’s tariffs. According to Yahoo Finance data, Trump’s tariffs lasted more than $ 2 trillion in the US stock market yesterday.
The S & P 500 has fallen 4.8%, the largest day since June 2020. The NASDAQ composite has been reduced by 6%, the worst day since March 2020.
Dow Jones Industrial Average decreased 3.6%, and the Russell 2000 index decreased by 6.6%, losing more than 20%at the highest level in late November and entering the Bear market.
Bitcoin also faced sales pressure. Bitcoin has fallen about 6% to $ 81,400 after the after -timed announcement, as investors avoid risks. But this decrease was relatively muted compared to the previous market reaction to Trump’s tariff signals.
Flagship Cryptocurrency has actually showed more powerful elasticity during the new market turbulence. The price of Bitcoin still maintains more than $ 84,000.
According to Michael Saylor, the chairman of the strategy, Bitcoin is selling pressure during market turmoil, which seems to show a correlation with stocks due to liquidity and availability.
In the market, investors can easily liquidate to collect cash by selling assets, and Bitcoin is suitable for the explanation, Saylor explained.
He insisted that this short -term correlation did not show long -term trend. Bitcoin Bull believes that Bitcoin’s default value suggestion can eventually be separated from other risk assets.
According to Coingecko data, flagship Cryptocurrency is currently trading at $ 84,500, up 1% over the last 24 hours.
When Bitcoin rebounds, Altcoins begins to recover. According to the data, Ether is more than $ 1,800 and XRP is maintained at $ 2 or more. The total market capitalization of the total cryptocurrency is currently about $ 2.8 trillion.
Institutional demand seems to be weak. According to FARSIDE Investors data, SPOT BITCOIN ETFS reported $ 99.8 million on April 3, and it reversed positive results when investors spent $ 228 million in this fund.
Despite the full back, BLACKROCK’s Ishares Bitcoin Trust still recorded $ 65.3 million on Thursday. Large investors will use market weakness as an opportunity to buy.