Trade War Could Be the Catalyst — Arthur Hayes Predicts Bitcoin (BTC) Will Reach $1 Million!

Jakarta, Pintu News—Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, believes the global financial system is undergoing a major shift that could propel Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- to a value of $1 million.

In a post on X on April 5, Hayes predicted that the trade conflict between the United States and China would affect demand for Bitcoin (BTC) in the changing financial order.

Check out the full analysis below!

Tariff War and Its Impact on the Yuan

Hayes thinks the rate between the US dollar and the Chinese yuan (USDCNY) could increase to 10.00. This is based on the high probability that President Xi Jinping will not change the course of the Chinese economy to meet US demands, especially under aggressive trade pressure from President Donald Trump.

“USDCNY will rise to 10.00 because Xi Jinping will not change China to Trump’s liking. This is the super boost BTC needs to quickly rise towards $1 million,” Hayes wrote.

Last week, global financial markets were shaken after the Trump administration announced a uniform 10% tariff on all imports. China, which faces higher tariffs of up to 34%, responded with retaliatory tariffs that will begin on April 10. However, Trump doubled down on the confrontation, dismissing China’s reaction as a mistake.

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Risks Beneath the Surface

Hayes sees deeper risks beneath the surface of this tariff conflict. According to him, the tariff war could erode the global role of US bonds and stocks. For decades, the US has exported dollars by running trade deficits, while foreign countries recycled those dollars into American financial assets.

According to Hayes, this system may not last long. If countries stop accumulating dollars, demand for US bonds and stocks will decline. Some may even start selling reserves to protect their economies.

Hayes noted that even if Trump’s policies change, they will not restore confidence, as global leaders may no longer trust the stability of US trade policy.

Read also: Shiba Inu (SHIB) Price Prediction April 2025

Bitcoin and Gold as Safe Assets

In this environment, Hayes sees a new role for assets that are not tied to any government. According to him, gold, long considered a safe haven, will make a comeback.

However, Hayes states that Bitcoin (BTC) may be more attractive in a world characterized by decentralization, capital mobility, and reduced trust in traditional power structures.

For those looking to adapt by returning to pre-1971 trading relationships, Hayes suggests buying gold, gold miners, and Bitcoin (BTC).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Arthur Hayes: Tariff War Could Be Good for Bitcoin. Accessed on April 7, 2025
• Featured Image: Generated by AI