Arthur Hayes: Why a Yen Crisis Could Fuel a Bitcoin Rally
From beemarkets.com
BitMEX co-founder Arthur Hayes is known for his bold market calls, and his latest theory connects brewing trouble in Japan with a potential surge for Bitcoin. He argues that a weakening yen and stress in the Japanese government bond market could force U.S. financial authorities to intervene, ultimately injecting liquidity that benefits crypto. Hayes laid out this scenario in a blog post, explaining that the combination of a falling yen and rising Japanese government bond (JGB) yields signals significant economic strain. He believes this instability will eventually compel the U.S. Treasury and Federal Reserve to act, ...
(full story)