Maelstrom founder Arthur Hayes says the Federal Reserve is about to print trillions of dollars to defend the Japanese yen, and Bitcoin is his top bet to capture that liquidity wave.
Why Hayes Says The Fed Has No Choice
Hayes laid out the argument in a Substack essay.
He writes that the yen has lost more than half its value since 2012 after the Bank of Japan printed money for a decade to suppress bond yields.
That worked for global asset markets but destroyed ordinary Japanese purchasing power, and both the U.S. and Japan now want the yen stronger.
