Arthur Hayes: Now is the time to buy… Bitcoin breaks $104,000

With the announcement of mutual tariff reduction between the US and China, the global financial market shifted to risk asset preference, and Arthur Hayes seized this opportunity, shouting "Buy everything". Consequently, Bitcoin surpassed $104,000, and Ethereum also rode the bullish trend. According to The Block on the 12th (local time), the US and China agreed to significantly reduce tariffs on each other's imported goods starting May 14th for 90 days, and the cryptocurrency market immediately responded. Bitcoin broke through $104,100, and Ethereum recorded $2,500, rising in tandem. Major altcoins like XRP and ADA also rose, with the GMCI 30 index increasing by over 2%. In contrast, gold, considered a safe asset, fell by 3%. Maelstrom's Chief Investment Officer Arthur Hayes left a short message on X saying "Buy everything", sending a strong buy signal across risk assets. He believes that in the current situation where boundaries between traditional finance and cryptocurrency are breaking down, digital assets will be the biggest beneficiaries. Market analysts view this trend as signaling a medium to long-term bull market, not just a short-term rebound. Dr. Kirill Kretov from CoinPanel analyzed that "tariff reduction reduces inflation pressure and expands global liquidity, creating a Bitcoin-friendly environment". Sean Dawson, Research Director at Derive.xyz, stated that "Bitcoin at $150,000 is a realistic target, and $200,000 is entirely possible". Particularly, Ethereum recently experienced a volatility surge following the successful 'Pectra' upgrade, recording its largest daily increase in four years. Dawson explained that ETH's 7-day volatility spiked from 52% to 90% before stabilizing in the 80% range, signaling a potential for Ethereum's price movement to outpace Bitcoin. The OCC's announcement of guidelines allowing banks to custody and trade cryptocurrencies is also adding to the positive atmosphere. The former president, following a trade agreement with the UK last week, continued to spread market optimism by announcing economic strategies centered on digital assets.