As tensions between the U.S. and China escalate with renewed tariffs, former BitMEX CEO Arthur Hayes believes Bitcoin could be one of the biggest beneficiaries. In a recent interview with Forward Guidance, Hayes explained that aggressive money printing by major economies trying to soften the blow of the trade war would likely boost Bitcoin’s value.

Hayes argues that a global shift away from globalization will force governments to inject liquidity into their economies, weakening fiat currencies. In his view, Bitcoin, as a decentralized and limited-supply asset, stands to gain directly from this environment.

“At the end of the day, they’re going to print money — Bitcoin benefits,” Hayes said, underlining that this pattern would not be limited to China alone.

He also pointed out that a significant market downturn, driven by increased tariffs, would reduce capital gains tax revenues in the U.S., forcing authorities into even more aggressive monetary policy. However, Hayes does not believe the U.S. government is ready to embrace Bitcoin directly, suggesting that traditional safe havens like gold would remain their primary fallback.

Currently, Bitcoin is trading around $95,250, holding above critical support and edging closer to a potential test of the $100,000 mark. Market sentiment remains cautiously bullish, fueled by both macroeconomic pressures and Bitcoin’s resilience compared to traditional assets.

For investors, Hayes’ analysis adds weight to the argument that Bitcoin could serve as a strategic hedge amid mounting economic instability. However, as always, it’s essential to remember that this article does not constitute investment advice.