Arthur Hayes: If the Fed Intervenes in the Yen by "Printing Money," It Will Be Bullish for Bitcoin

Odaily News: BitMEX co-founder Arthur Hayes posted on the X platform, stating that if the related news (Japanese authorities may be preparing to intervene in the foreign exchange market) is true, it would be "extremely bullish" for Bitcoin. He analyzed that the underlying logic is: the Federal Reserve creates bank reserves by "printing money," then sells dollars to buy yen, thereby indirectly intervening in the yen exchange rate.

Arthur Hayes pointed out that if the Fed is indeed manipulating the yen, its balance sheet will show growth under the "foreign currency-denominated assets" item. This data can be verified in the weekly H.4.1 report.