Arthur Hayes Says Treasury Will Weaken Dollar, Boosting Bitcoin
In a new essay, former BitMEX CEO Arthur Hayes argues the U.S. Treasury will intentionally weaken the dollar to support the yen, leading to a liquidity injection that could propel Bitcoin and crypto higher.
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Arthur Hayes published a new essay titled "Yen-quake."
In it, he claims that the U.S. Treasury will engineer a weaker dollar to help strengthen the Japanese yen. According to Hayes, this policy shift would generate a surge of liquidity that he expects to send Bitcoin and other cryptocurrencies higher.
Source: Cointelegraph