Arthur Hayes believes bitcoin has hit the dip due to chaos from Trump's trade policy, paving the way for strong growth in the cryptocurrency market.
Arthur Hayes, co-founder of BitMEX and currently a managing partner at crypto investment firm Maelstrom, recently provided a notable macroeconomic analysis on April 23. In his latest article, Hayes confidently declares that Bitcoin has found its dip in the context of recent market volatility, while predicting a new price explosion as the leading digital currency surpasses its previous all-time high.
"I see this chain of events as a shift from a 'everything is fine' policy to 'everything is falling apart, we must act', and the market has exploded. Most importantly, Bitcoin has hit the dip," Hayes wrote and affirmed: "I call the local dip at $74,500."
Trade Tariffs and Policy Reactions Driving Bitcoin
According to Hayes, President Trump's tariff announcement created chaos in the US bond market, forcing the government to react quickly. In response, Treasury Secretary Scott Bessent announced a bond buyback program, which Hayes describes as a form of stealth monetary easing.
"Based on this information, we — Bitcoin holders and crypto speculators — understand that the dip has formed. Because the next time Trump escalates rhetoric about tariffs or refuses to reduce tariffs on China, Bitcoin will surge just before the 'monetary mandarins' must operate the money printer at maximum Brrrrr to contain volatility in the bond market," Hayes emphasized.
The expert believes Bitcoin will no longer be pulled down with vulnerable stocks in similar volatility episodes in the future, because "Bitcoin understands that deflationary policies cannot last, given the current and future crazy debt levels that the corrupt financial system needs to operate."
Hayes also revealed Maelstrom's active investment strategy during the recent market correction: "At Maelstrom, we have maximized our crypto exposure. Now, the strategy is to rotate buying and selling coins to accumulate more satoshi. The most purchased asset is Bitcoin during the drop from $110,000 to $74,500."
Looking ahead, Hayes predicts Bitcoin will continue to lead the market and explosively surge when surpassing the historical peak of $110,000, potentially approaching $200,000. After that, he anticipates the start of a capital flow rotation from Bitcoin to altcoins.
In the context of escalating US-China trade tensions and investors seeking safe-haven assets, Hayes affirms: "Physically, that's gold. Digitally, that's Bitcoin."
