Arthur Hayes Sees Tariffs as a Boon for Bitcoin, Predicts Strong Market Performance

Bitcoin faced a market downturn following the announcement of President Trump’s new tariffs, with the asset dropping 7%. This selloff coincides with fears of an economic slowdown and a weakening dollar. However, Arthur Hayes, co-founder of BitMEX, expressed his belief that these tariffs could actually benefit Bitcoin. He highlighted the rising demand for gold as another positive factor contributing to the bullish outlook. Despite market volatility, Hayes predicts a potential bounce back in Bitcoin prices for support levels around $79,900 and $81,160, potentially exceeding $84,000.