2 months ago
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The post Arthur Hayes: Fed Yen Moves Could Boost Bitcoin appeared first on Coinpedia Fintech News
Crypto analyst Arthur Hayes suggested the Federal Reserve might print dollars to build reserves and buy Japanese yen, expanding its $19.185 billion foreign currency assets. The yen rallied up to 1.75% to 155.63 per dollar amid talk of possible Japanese intervention, though no official word has come yet. Crypto enthusiasts see this potential liquidity as a positive for Bitcoin, which held steady around $89,500 on Saturday, while skeptics question the Fed’s intentions.
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