On May 21st, Arthur Hayes, founder of BitMEX, pointed out in the latest article that in order to curb the depreciation of the yen, the Federal Reserve may reach an unlimited dollar-to-yen swap agreement with the Bank of Japan. Hayes believes that this move is equivalent to the Fed's implementation of yield curve control, which will trigger a sharp depreciation of the dollar. The depreciation of the dollar means that the global dollar liquidity has risen sharply. This will benefit the cryptocurrency market led by bitcoin. If the US and Japan central banks really adopt a "simple and crude" currency swap policy, it will trigger a new round of cryptocurrency rallies. At that time, the price of bitcoin is expected to hit the 1 million dollar mark and even hit a record high.
Hayes advises cryptocurrency traders to keep a close eye on future movements in the dollar-yen exchange rate, and to increase their cryptocurrency allocation appropriately. Once the market discovers that the United States and Japan are conducting large-scale currency swaps, and the size of the swaps continues to expand, it is likely to mean that a cryptocurrency bull market is coming.
BitMEX founder predicts that the US-Japan currency swap may trigger a surge in cryptocurrencies, and bitcoin is expected to hit the 1 million dollar
2024-05-21 00:48:33
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
BitMEX创始人预测：美日货币互换或引发加密货币大涨，比特币有望冲击100万美元Next article：
Upbit 在福布斯“交易所信任”排名中排名韩国第一、全球第四
