Bitcoin climbed above $83,000 on April 12, gaining 1.96% as it led a broader uptrend across the cryptocurrency market. Despite ongoing concerns in traditional markets, Bitcoin continued to show strength, attracting interest as a potential safe haven. Its steady performance amid trade tensions and market volatility stands out. The move reflects growing investor confidence in digital assets during uncertain times.
Arthur Hayes Sees Policy Pivot Ahead
Arthur Hayes, co-founder of BitMEX, took to X on April 11 to express his bullish stance on Bitcoin. Citing the recent surge in the U.S. 10-year Treasury yield—now above 4.5%—Hayes suggested that Washington may soon be forced into a policy response.
He hinted that such a move could arrive as early as the weekend, potentially placing Bitcoin into what he described as an “up only mode.” Hayes believes high yields signal stress within the financial system, which could lead central banks to intervene, further boosting BTC’s outlook.
Market Analysts Warn of Rising Yields and Trade War Fallout
Hayes’ comments were echoed by analyst Scott Melker, who also took to X, pointing to U.S.-China trade tensions and rising yields as the primary threats to risk assets. “Everything else is just details,” Melker remarked, underlining the importance of these macroeconomic factors.
Tensions have soared after China announced retaliatory tariffs of up to 125% on American goods, following the White House’s 145% hike. A temporary 90-day pause on reciprocal tariffs offers little relief, leaving investors wary of prolonged geopolitical instability.
Investors Eye Bitcoin Amid Growing Uncertainty
Adding to the cautious sentiment, BlackRock CEO Larry Fink told CNBC that the U.S. is “very close” to entering a recession. He predicted a broad economic slowdown unless policy clarity emerges soon.
Analysts warn that a downturn in the world’s largest economy would likely trigger ripple effects globally, affecting financial markets, trade flows, and investor sentiment worldwide.
In this climate, many financial experts continue highlighting Bitcoin’s role as a hedge against inflation and monetary instability. As traditional assets face increasing pressure, Bitcoin’s decentralised nature and limited supply position it as a potential safe haven. Its resilience during recent market volatility has not gone unnoticed, with institutional and retail investors closely watching for a sustained breakout.
Stay informed,
Rodcas Consulting Group