Arthur Hayes, co-founder of BitMEX, is sounding the alarm—in a bullish way. Following signs that the U.S. Federal Reserve may be preparing to step in as financial markets wobble, Hayes is encouraging investors to dive into crypto and other risk assets.
In a post shared on April 11, Hayes interpreted recent developments as a green light to “buy everything,” citing market stress as the kind of trigger that typically invites central bank intervention. With the yield on 10-year U.S. Treasuries climbing past 4.5%, Hayes believes the pressure is building for the Fed to inject liquidity—fuel that often powers rallies in assets like Bitcoin.
He’s been vocal about his view that rising yields won’t go unanswered. If financial conditions tighten too much, Hayes expects policymakers to act swiftly, creating the perfect setup for Bitcoin and similar assets to surge. He even hinted that if volatility continues, stimulus responses could come as soon as the weekend, setting the stage for what he called an “UP ONLY” phase for BTC.
Echoing that concern, Boston Fed President Susan Collins recently told the Financial Times that while current market functioning remains stable, the Fed is ready to deploy support if liquidity dries up. She noted that interest rates aren’t their only lever and may not be the best option when it comes to managing liquidity stress.
Meanwhile, broader economic uncertainty is mounting. The Trump administration’s latest tariff moves have heightened tensions, especially after duties on Chinese imports were increased to 145%. Though the full implementation is delayed by 90 days, China has already struck back, raising its own tariffs to as much as 125% on American goods.
These tit-for-tat trade moves have rattled markets, with inflation fears, potential layoffs, and slowing growth all entering the conversation. Wall Street has seen a notable selloff, and Treasury markets are flashing warning signs.
Yet, for Hayes, all this turbulence is a buying opportunity. If central banks move to shore up markets, assets like Bitcoin could be among the biggest beneficiaries. In his eyes, current macroeconomic stress isn’t a reason to stay away—it might be the perfect setup to get in.
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