Trade War to Drive Bitcoin to $1 Million — Arthur Hayes
Date: 2025-04-07 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Hayes believes that the growing conflict between the US and China is undermining traditional economic foundations, creating favorable conditions for the spread of independent assets such as Bitcoin.
On April 5, Hayes posted a message on the social network X (formerly known as Twitter), where he suggested that the dollar to the yuan exchange rate could reach 10.00. He believes that Chinese President Xi Jinping will not change his economic policy under pressure from the US, especially given Donald Trump’s tough approach.
“USDCNY will reach 10.00 because Xi Jinping will not make the concessions that Trump demands. This is the decisive moment that could accelerate BTC to $1 million,” Hayes emphasized.
Last week, Donald Trump imposed 10 percent tariffs on all imports. China, already facing tariffs of 34 percent, announced retaliatory measures on April 10.
“China made a mistake, they panicked — this behavior is unacceptable to them!” Trump said on the Truth Social platform.
However, according to Hayes, the real threat is not just tariffs, but also the undermining of the role of American assets on the world stage. For decades, the United States has exported dollars through a trade deficit, while other countries invested them in American bonds and stocks. Now this mechanism is at risk of being destroyed.
“Even if Trump eases tariffs, no Treasury Secretary or head of state will risk trusting the stability of the situation, fearing the unpredictability of Trump. There will be no return to the old model,” Hayes said.
Hayes is convinced that in a changing economy, demand for independent assets will grow. He also predicts an increase in interest in gold as a means of preserving capital.
“While the dollar will remain a reserve currency, countries will begin to use gold for international trade. This makes sense, especially given that Trump has removed gold from the list of tariff goods,” he noted.
In a world where decentralization and free movement of capital are increasingly important, Bitcoin may become an even more sought-after asset.
“Those who are trying to adjust to the new economic reality that resembles pre-1971 trade relations should invest in gold, gold mining stocks, and BTC,” Hayes concluded.
