#Stablecoin Issuance Surge

Experienced Analyst: US Tariffs Cannot Stop Bitcoin's Rise!
Arthur Hayes, co-founder and chief investment officer of Maelstrom, argues that the rise in Bitcoin prices will continue despite U.S. President Trump's threats of tariffs. Hayes shared these views in a podcast he participated in.
Custom Duties and Powell's Policy
The tariffs that Trump plans to impose on many products, such as Canadian and Mexican goods, and Chinese cars, will take effect on April 2. Markets are showing a worried attitude in response to President Trump's volatile policies. However, according to Hayes, these tariffs will not have a significant impact on the markets.
Hayes stated that Federal Reserve Chairman Jerome Powell clearly articulated his stance on tariffs and U.S. monetary policy last week. According to him, Powell's approach is a harbinger of good news for crypto investors.
During the podcast, Hayes stated, "The effects of taxes on inflation are temporary," referring to Powell's statements made last week. According to Hayes, Powell could use this situation as a justification to inject more money into the system.
Powell's 'Easy Money' Policy
According to Hayes, Trump's taxes are no longer an issue for Powell and they shouldn't be for crypto investors either. Hayes stated the following on this matter:
"Whether Trump imposes a 50% tax or a 2% tax, it makes no difference. Because we know that Powell will continue the loose monetary policies necessary for our portfolios to gain value in fiat currency."
This situation means quantitative easing, which is seen as a positive development for risky assets like Bitcoin.
According to Hayes, even if Trump raises taxes to 50%, Powell's response will be the same: "This is not real inflation, so we can continue to ease conditions."
Bitcoin Price Future and Customs Tax Debates
At the beginning of the week, Hayes predicted that the price of Bitcoin would reach 110 thousand dollars. This forecast was the exact opposite of his previous expectations.
Polymarket presents various possibilities regarding Trump's customs tariff policies:
The likelihood of taxes imposed by the EU coming into effect is 81%.
The likelihood of the taxes imposed on China being lifted by May is 6%.
The likelihood of taxes applied to Canada being lifted within the same period is 22 percent.
Additionally, the likelihood of Trump's national wealth fund becoming operational within the first 100 days is seen as only 7 percent.
Taxes, especially those targeting China, are considered a potential factor for the rise in Bitcoin prices. Ahead of the taxes expected to be implemented next week, Bitcoin's price fluctuated between 88 thousand dollars and 85 thousand dollars this week. Currently, it is trading at the level of 85 thousand 210 dollars.
According to Arthur Hayes, as long as Powell continues to pursue loose monetary policies, customs tariffs will have no lasting effect on Bitcoin. Hayes believes that this situation is a positive development for the crypto markets.