A crypto analyst eyes Bitcoin’s potential retrace to $70K, a crypto investor funds a SpaceX flight, and more: Hodler’s Digest
BitMEX co-founder and former CEO Arthur Hayes says US President Donald Trump’s tariffs may rattle the global economy in some ways, but that same disruption could be exactly what Bitcoin needs to rally.
Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC, Hayes said in an April 3 X post.
His comments come just a day after it was announced that the Trump administration will hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.
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