Bitcoin Brinks of Persistent Uptrend, Claims BitMEX Originator Arthur Hayes - Explained
Let's get down to business, folks! Today we've got some juicy predictions from BitMEX co-founder Arthur Hayes about Bitcoin. According to Hayes, the toy Trump's tariff policies could unleash a firestorm that sends Bitcoin to new heights.
Here's the lowdown: Hayes reckons that the sudden ditching of US treasuries and rising 10-year bond yields is gonna cause the printing presses to churn out even more greenbacks. And you know what they say – mo' money, mo' Bitcoin!
Hayes ain't shy about spewing his thoughts on Twitter, telling his 679,700 followers that we're about to enter "UP ONLY MODE" for Bitcoin. He's also got a soft spot for China's yuan, believing its weakening due to central bank money printing will make investors crack open their Bitcoin wallets as a hedge.
Lastly, Hayes is betting big on banks getting an SLR exemption, aka a Spectator League Record, being advocated for by JPMorgan Chase CEO Jamie Dimon. This exemption would let banks hold more Treasuries without hiking up required capital reserves, giving them a sweet taste of liquidity to lend.
At the time of writing, Bitcoin is fetching $83,343, up a slick 4.9% in the last 24 hours.
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But remember, kids, this ain't investment advice. Invest wisely, or else you'll be crying into your digital wallet!
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Bitcoin News
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- Arthur Hayes Believes Trump's Tariff Policies Could Ignite Bitcoin Rally April 12, 2025
- Hayes reckons that Trump's tariff policies could lead to US dollar weakness, which is great news for Bitcoin.
- Hayes thinks investors will flock to Bitcoin as a safe haven, boosting its price.
- Stay tuned for more news on Bitcoin and the crypto markets!
Disclaimer: The Daily Hodl provides news and information on the cryptocurrency industry and related subjects. This content is informational and not intended as financial advice. Do your own research and invest wisely.
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- As the tariff policies of the US continue to unfold, BitMEX co-founder Arthur Hayes believes they could ignite a Bitcoin rally, given the potential US dollar weakness.
- Hayes, who has a considerable following of 679,700 on Twitter, is predicting an "UP ONLY MODE" for Bitcoin, driven by a surge in money supply and increasing institutional interest.
- Among altcoins, Ethereum may also benefit from this surge, as investors seek safer assets due to the weakening yuan and potential money printing by China's central bank.
- In the world of finance, luckily for Bitcoin maximizers, the upcoming Solstice could bring about the USX launch, a Solana-native stablecoin designed for transparent yield.
