Arthur Hayes on Why Tariffs Will Be Good for Bitcoin and Crypto - Ep. 813

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 8 April 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

TradFi and DeFi markets are in motion, responding to Trump’s tariffs, but a giant injection of liquidity could be on the way. Maelstrom CIO Arthur Hayes provides his expertise on economic policy, macro movements, and political implications, delving into a variety of topics, including: Trump’s rationale for tariffs The possibility of a “fiat liquidity bonanza” and what it means for crypto What the Hyperliquid brouhaha reveals about decentralization dreams How Ethena might be an attack on Ethereum The value prop of Circle’s IPO Future price expectations for BTC, ETH, and SOL Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Bitwise HRF Guest: Arthur Hayes, CIO of Maelstrom Previous appearances on Unchained: How Arthur Hayes Has Prepared His Portfolio for the Elections Links Previous coverage on Unchained: Trump Tariffs Sink Crypto, BlackRock Pumps Bitcoin’s Bags Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe Haven Tariffs, Hyperliquid, and $1 million Bitcoin Arthur Hayes on X: Tariffs = money printer goes brrrr Arthur Hayes on X: Is Trump trying to trigger a mini financial crisis? Arthur Hayes on X: CZ and Star ‘gang up’ on HyperLiquid Kevin Zhou on X: Binance and OKX listing $JELLY sets a precedent DL News: Arthur Hayes on the one reason that tariffs can’t stop Bitcoin’s surge Trump pardon: CFTC.gov: Federal Court Orders BitMEX’s Three Co-Founders to Pay a Total of $30 Million for Illegally Operating a Cryptocurrency Derivatives Trading Platform and Anti-Money Laundering Violations | CFTC (May 2022) Justice.gov: Southern District of New York | Global Cryptocurrency Exchange BitMEX Fined $100 Million For Violating Bank Secrecy Act | United States Department of Justice (Jan 2025) CNBC: Politics Trump pardons three BitMEX crypto exchange co-founders, and ex-employee Timestamps: 👋0:00 Intro 😰 4:07 Does Trump’s tariff rationale make sense? 💲 10:49 The upcoming “fiat liquidity bonanza” and what it means for crypto 🫤 20:18 What’s wrong with a Bitcoin Strategic Reserve? 💥 24:20 The Hyperliquid brouhaha and the decentralization pipe dream 💪 32:04 Why Binance and OKX “fatal blow” on Hyperliquid didn’t work ⚖️ 37:57 Trump’s pardon of Hayes and his visit to Mar-a-Lago 👀 46:27 How Ethena’s Converge chain affects Ethereum 🤼‍♀️ 52:58 SOL vs ETH: Which is a better buy right now? 😬 57:12 Hayes’ opinion of USDC’s Circle filing for an IPO 🤔 1:00:18 How does Hayes suss out potential investments? 📈 1:03:11 Price predictions on BTC, ETH and SOL Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, thank you for supporting Unchained, where we do our best to help you stay on top of Crypto News.
0:07.0	If you enjoy the show, we'd really appreciate it if you could take a moment right now to leave us a five-star review.
0:13.5	This helps other listeners discover Unchained.
0:16.5	And who knows, you may hear me read your review on an upcoming episode.
0:21.2	Money is being printed. It will be printed. Paul told you that it's going to be printed
0:24.8	at the last press conference. He says tariffs are transitory. I know Bitcoin has done pretty
0:30.7	poorly alongside the NASDAQ and the S&P and a lot of other global stock indices, but I think
0:35.8	that's just investors not really appreciating that this is a fiat liquidity
0:41.7	bonanza that's about to happen.
0:43.6	I think Bitcoin will decouple from these stock indices and trade alongside gold and really
0:49.9	reflate higher as the money supply globally goes higher.
0:57.0	Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host,
1:01.6	Laura Shin. We are now featuring quotes from listeners on this show. Today, we have one from
1:06.3	Ella Mia on X, responding to my interview with Dragonfly partner Omar Conchi about Circles IPO filing.
1:13.1	Elamia writes, quote, $5 billion evaluation and regulation risks, this will be an interesting
1:18.3	ride. If you'd like your comment featured, write a review of the podcast overall, or leave a comment
1:23.4	on our video on YouTube or X. This is the April 8th, 2025 episode of Unchained. Big news. Unchained just
1:31.9	launched a brand new newsletter, bits and bips. Just like this podcast, it's all about how
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