{"id":31262,"date":"2024-05-24T05:57:58","date_gmt":"2024-05-24T05:57:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-bitmex-ceo-arthur-hayes-predicts-1-million-bitcoin-with-weak-yen-resolution\/"},"modified":"2024-05-24T05:57:58","modified_gmt":"2024-05-24T05:57:58","slug":"former-bitmex-ceo-arthur-hayes-predicts-1-million-bitcoin-with-weak-yen-resolution","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-bitmex-ceo-arthur-hayes-predicts-1-million-bitcoin-with-weak-yen-resolution\/","title":{"rendered":"Former Bitmex CEO Arthur Hayes Predicts $1 Million Bitcoin with Weak Yen Resolution"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

Bitcoin\u2019s price is increasingly influenced by global geopolitical and economic factors. Arthur Hayes, former CEO of Bitmex and current CIO of Maelstrom, foresees significant implications for Bitcoin<\/a> if the U.S. addresses the current weak yen issue.<\/p>\n

In his latest newsletter, \u201cThe Easy Button,\u201d Hayes emphasizes the crucial role of the exchange rate between the U.S. dollar and the Japanese yen. He labels it the \u201cmost important global economic variable\u201d due to its potential to prompt Federal Reserve action.<\/p>\n

A persistently weak yen could force China to devalue its currency to stay competitive with Japanese products. Similarly, a depreciating Chinese yuan would challenge the U.S. industrial sector, pushing more manufacturing abroad.<\/p>\n

Federal Reserve\u2019s Potential Response and Risks<\/h2>\n

Hayes suggests the Federal Reserve might opt for an easier solution by swapping freshly printed dollars for yens. This move would allow the Bank of Japan to intervene in the FX market effectively. Consequently, China could continue its monetary expansion without economic imbalance.<\/p>\n

However, mishandling this strategy could jeopardize the dollar\u2019s status as a global reserve currency. It could lose significant value against other fiat currencies and Bitcoin. Hayes argues that if his prediction holds, \u201cit is trivial for any institutional investor to buy one of the US-listed Bitcoin ETFs,\u201d<\/em> considering Bitcoin as the \u201cbest-performing asset in the face of global fiat debasement.\u201d<\/em><\/p>\n

\n
\n
\n
\n
\n
177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Hayes concludes, \u201cWhen something is done about the weak yen, I will mathematically guestimate how flows into the Bitcoin complex will ratchet the price to $1 million and possibly beyond.\u201d<\/em><\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) Bitcoin\u2019s price is increasingly influenced by global geopolitical and economic factors. Arthur Hayes, former CEO of Bitmex and current CIO of Maelstrom, foresees significant implications for Bitcoin if the U.S. addresses the current weak yen issue. In his latest newsletter, \u201cThe Easy Button,\u201d Hayes emphasizes the […]<\/p>\n","protected":false},"author":34,"featured_media":31263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31262"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31262"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31263"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}