BlockBeats News: On April 2nd, BitMEX co-founder Arthur Hayes published a long article for market outlook, in which he stated that he no longer cares about whether Trump will raise tariffs on April 2nd, no matter how much. Because at the FOMC meeting in March, Powell evaluated the impact of Trump's tariff proposal on inflation, stating that any inflation caused by tariffs is "temporary". The belief in 'temporary' inflation allows the Federal Reserve to continue easing policies even when inflation surges due to a significant increase in tariffs. At least for assets traded solely with legal liquidity, tariffs are no longer important.
Arthur Hayes analyzed that Bitcoin transactions are entirely based on market expectations of future fiat currency supply. If the Federal Reserve's main shift from quantitative tightening (QT) to quantitative easing (QE) of treasury bond bonds is established, then Bitcoin reached a partial low of $76500 last month, and now we start to climb to $250000 at the end of the year. If I were to bet on Bitcoin reaching $76500 or $110000 first, I would choose the latter. Even if the US stock market continues to decline due to tariffs, collapsing earnings expectations, or weakened foreign demand, there is still a greater likelihood that Bitcoin will continue to climb, and it is still believed that Bitcoin can reach $250000 by the end of the year.
