As the United States and China pull the sparks of trade war again, increasing global market uncertainty, there is a presence quietly laughing in the middle of the market. That is Bitcoin.
In this cartoon 'The Paradox of Tariffs', the United States and China are depicted colliding on stage with economic weapons. The United States is wielding a weapon labeled 'Rate Cut', while China stands with a sign of 'Yuan Devaluation'.
However, while they are fighting, Bitcoin is sitting in the audience seats wearing sunglasses and leisurely eating popcorn. The speech bubble reads:
"Keep fighting, boys… I'll take the money."
Behind both sides of the stage, money printers with signs saying 'Liquidity Inbound' are continuously operating. This satirically expresses that the expansionary monetary policies of the US and China could ultimately work favorably for asset markets, especially Bitcoin.
In the background, a graph of 'BTC PRICE' rising as predicted by Arthur Hayes is drawn, and on one side of the curtain is the phrase "Written by Arthur Hayes".
Trump's tariffs, China's yuan depreciation, and the liquidity policies that will be unfolded in response. While the center of the fight is elsewhere, the smiling face of this market may ultimately be Bitcoin, called the 'digital gold'.
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