Arthur Hayes Discusses the Only Reason Tariffs Cannot Stop Bitcoin's Surge

• Cryptocurrency industry founder and Maelstrom Chief Investment Officer (CIO) Arthur Hayes discussed the macroeconomic environment under President Trump's tariff threats in a podcast.
• However, Hayes believes these tariffs are completely irrelevant.

Trump's tariffs—covering goods from Canada and Mexico, Chinese cars, etc.—are planned to take effect on April 2. President Trump's series of unpredictable policies have caused market panic.

However, none of this matters, according to Maelstrom's CIO and co-founder Hayes.

Hayes pointed out that Federal Reserve Chairman Jerome Powell has already shown his hand last week on tariff issues and his monetary policy, and next month will bring good news for cryptocurrency investors.

"The inflationary effect of tariffs is temporary," Hayes said in a podcast with Kyle Chasse, citing Powell's comments from last week.

Hayes believes this is reason enough for Powell to inject more funds into the market.

"For Powell, tariffs are no longer important, and they shouldn't be important for crypto investors," Hayes said. "Whether Trump raises taxes by 50% or 2% is meaningless, because we know Powell will continue to provide a loose monetary environment, which is what we need to grow our portfolio in fiat currency terms."

This could mean more quantitative easing (QE)—good news for risk assets like Bitcoin.

Even if Trump raises tariffs to 50%, causing significant inflation, Hayes believes Powell would still argue: "No, this is not inflation, we can still continue with loose monetary policy."

Earlier this week, Hayes changed his previous prediction, calling for Bitcoin to rise to $110,000.

Polymarket offered prediction odds on Trump's tariff actions: 81% probability of EU tariffs taking effect; only 6% probability of China tariffs being canceled before May; 22% probability of Canada tariffs being canceled.

Additionally, Polymarket believes there is a 7% chance of Trump's national wealth fund being established within his first 100 days in office.

Tariffs against China are considered a potential factor in driving Bitcoin's price up.

Before next week's tariff policy takes effect, Bitcoin has been fluctuating between $88,000 and $85,000 this week. Currently, Bitcoin is trading at $85,210.