Arthur Hayes, founder of BitMEX, updates his forecast for bitcoin and predicts that the Fed will be pressured to print trillions of dollars

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Last Updated on July 17, 2022 by Bitfinsider

Former CEO of BitMEX Arthur Hayes claims that the Federal Reserve will once more pump trillions of dollars into the banking system and that he anticipates Bitcoin (BTC) will bottom out and recover soon.

The investor in cryptocurrencies claims that he is closely monitoring how the Japanese yen (JPY) and the Euro (EUR) do against the US dollar.

According to Hayes, the Fed will likely intervene and turn on the money printer as a result of the US dollar’s continued strength versus these currencies.

Hayes elaborates on his thesis in a new blog post by pointing out how the European Union and Japan are both involved in yield curve regulation (YCC). Hayes defines YCC as the act of increasing the money supply in order to buy government bonds and lower rates in an effort to devalue the country’s fiat currency.

He said: ““Usually, Japan and the EU are happy to have a weak yen or euro versus the rest of the developed world. It allows their export industries to gain market share, as their goods are cheaper versus other countries.”

The rising cost of living has made it difficult for residents of Japan and the EU to meet basic necessities, according to Hayes, so this time is different.

“However, due to the food and fuel inflation experienced post-COVID and the cancelling of Russian commodity exports, their plebes are now facing the harsh downsides of having a weak currency. It is becoming more and more expensive for them to eat, move around and heat/cool their dwellings,” added Hayes.

According to Hayes, if the US wants to beat Russia through economic sanctions, it must find a means to make the USD less valuable relative to the JPY and the EUR.

Hayes also mentioned that if the US restarts its money printing program to bolster its friends, the extra liquidity will eventually reach Bitcoin and the crypto markets.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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