The post Arthur Hayes Criticizes Donald Trump, Reveals Why US Election Outcome Doesn’t Matter appeared on BitcoinEthereumNews.com.

Arthur Hayes, founder of BitMEX and Maelstrom CIO, said Trump is not necessarily pro-Bitcoin, as most crypto holders think. He said it’s up to watch what will happen after November election regarding crypto. However, he believes that, whoever wins the Election – won’t impact cryptospace too much. Arthur Hayes Warns Crypto Holders: Don’t Mistake Trump as Pro-Bitcoin In a recent interview with Channel News Asia, BitMEX founder Arthur Hayes seemingly slammed Donald Trump saying  crypto holders mistakenly view Trump as pro-Bitcoin. According to him, during Trump’s last tenure there was no crypto-friendly policies brought. He stated: “I think crypto holders mistakenly believe that trump is pro-Bitcoin. Maybe. However, he was in office for four years and he didn’t enact any positive policies for crypto. Kamala Harris and Joe Biden also didn’t. It’s a watch. We don’t know what they’re going to do but we know that they’re going to print money. The Trump is going to cut taxes and Kamala will increase welfare payments. And so, the deposit is going to grow. The US government will want to issue more debt, print money to buy it and that could positively impact bitcoin and other crypto assets.” He noted that regardless of a Trump or Harris presidency, money printing and increased US debt issuance could ultimately boost Bitcoin and other crypto assets, driven by policies like tax cuts or welfare spending. My recent interview with @ChannelNewsAsia pic.twitter.com/yLnkcQaOnG — Arthur Hayes (@CryptoHayes) October 31, 2024 Hayes added that, if Trump was to be elected, he would choose to go with the weak USD policy. That, in his opinion, would be very positive for crypto, gold, stocks and even oil prices. However, he thinks Kamala Harris would do exactly the same and it’s just the question of timeframe. China’s Stimulus Will Fuel Bitcoin…

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Filed under: News - @ October 31, 2024 11:21 am