🔥 ARTHUR HAYES: FED INTERVENTION ON YEN IS EXTREMELY BULLISH FOR BITCOIN 🔥
Arthur Hayes, co-founder of BitMEX, stated that any potential intervention by the Federal Reserve to support the yen through "printing dollars" would represent new fresh liquidity, a historically favorable setup for Bitcoin.
The logic is clear: the Fed would create bank reserves by printing USD, selling them to buy yen, and indirectly intervening in the exchange rate, with a verifiable increase in "foreign currency assets" on its balance sheet in the weekly H.4.1 report.
Speculation is fueled by the yen's jump of 1.75% to 155.63/USD, the strongest level of the year, after the New York Fed contacted banks to probe the yen market conditions.
This has reversed a bearish trend, with traders speculating on a coordinated intervention between Japan and the USA, not unilateral.
Japan may have conducted similar "rate checks", a typical pre-intervention signal.
Hayes sees this as an inflationary process similar to global monetary printing, flooding the economy with liquidity and pushing risk-on assets like BTC towards new highs, as seen in past cycles.
The Bank of Japan has kept rates at 0.75%, leaving room for hawkish moves if necessary.
This scenario strengthens the bullish narrative for Bitcoin in a context of accommodative monetary policies.
