BitMEX co-founder Arthur Hayes reacts to the US-China tariff deal.
Both sides have significantly lowered tariffs on goods from the other.
Hayes expects this move to lead to a bullish reaction for several assets.
The crypto market, like any other market, is swayed by political and geo-economic moves. Today’s political move that seems to have caught the eyes of the crypto community is the latest update in the tariff war. To highlight, BitMEX co-founder Arthur Hayes reacts to the US-China tariff deal by urging traders to “Buy Everything”. It seems the latest deal between the USA and China will likely bode well for the financial markets.
BitMEX Co-Founder Arthur Hayes Says “Buy Everything”
Before we can dissect Hayes' words, let's take a step back and review the tariff war caused by the President of the United States, Donald Trump. In Q1 2025, soon after Bitcoin set anew ATH at $109,000 and was yet to enter its prolonged correction phase from $90,000 to $75,000. The President of the United States of America, Donald Trump, announced a Strategic Bitcoin Fund for the USA.
Instead of a bullish wave as most analysts expected, FUD began to descend upon the market. This FUD was then immediately triggered when Trump announced a tariff war. He began by announcing tariffs on nearly every country and province, even targeting a country populated only by penguins. However, a large tariff was placed upon a handful of countries, with the biggest tariff set on China.
In retaliation, other countries began to unite and form alliances of their own to grow economically by eventually isolating the USA. In response, Trump called a halt to all tariffs except on China, which he increased. China then responded with increased tariffs on the USA. This led to a lot of back and forth between the countries, which resulted in a brutal hit to the US stock market, which has yet to recover. The crypto market, however, first took a few hits but now seems to be very minimally affected by all these moves.
Will the New US-China Tariff Deal Trigger a New BTC ATH?
https://twitter.com/cointelegraph/status/1922102220029395284
Although, most recently, the crypto market seems to be taking less hits and more pumps based on the latest political movement. Thus, BitMEX’s co-founder, Arthur Hayes, reacts bullishly to the latest US-China tariff deal and urges traders to “buy everything”. This could apply to cryptocurrencies, stocks, gold, silver, equities, real estate, and other financially profitable assets in varying markets.
To elaborate, the latest US-China tariff deal has led to a temporary lowering of tariffs on each other’s products. In particular, the US reduced its levies on most Chinese imports from 145% to 30% while China dropped its duties on US goods from 125% to 10%. Indeed, these are significantly lower tariffs, and Hayes likely expects this move to improve the state of all financial markets. This could go hand-in-hand with analysts’ predictions of Bitcoin (BTC) hitting a new ATH soon, followed by a new ETH ATH and finally, the arrival of the highly anticipated altseason peak phase.
