Arthur Hayes Predicts Bitcoin Surge from Fed's Currency Intervention
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Currency Intervention Outlook: Hayes predicts that the Fed may engage in currency intervention by purchasing Japanese yen and using it to buy Japanese government bonds, which would expand the Fed's balance sheet and drive up Bitcoin prices.
- Bitcoin Price Forecast: He believes Bitcoin will rise as the Fed's balance sheet grows, criticizing short-term leveraged traders while emphasizing the long-term value of holding Bitcoin and quality altcoins.
- Japanese Market Alarm: The sharp depreciation of the yen and rising bond yields signal alarm in Japanese financial markets, with Hayes noting this could force Japan to sell US bonds, increasing US borrowing costs.
- Role of the Fed: Hayes highlights that while the Treasury can intervene through the Exchange Stabilization Fund, the ultimate decision-making power lies with the Fed, which will significantly impact Bitcoin's future trajectory.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
