Arthur Hayes Expects the US to Start Printing Again, Bullish for Bitcoin

BitMEX co-founder Arthur Hayes has predicted that the Federal Reserve may soon begin printing money again if the dollar continues to strengthen against international currencies. As he sees it, this is a bullish development for Bitcoin. In a tweet on Thursday, Hayes pressed followers to keep their eyes on both the Japanese Yen and the Euro. He said he expects an intervention to weaken the US dollar if it strengthens above 150 JPY, or if the Euro falls below $0.9 USD.

“Intervention means the Fed printing money,” he explained. “Printing money means $BTC number go up. The situation is fluid.”

The former CEO linked an image displaying the latest movements of the Euro and Yen against the dollar. One dollar is now worth about 139 JPY, whereas the Euro has fallen to dollar parity. Both show a clear trend of weakening in USD terms over the past year.

Source: https://cryptopotato.com/arthur-hayes-expects-the-us-to-start-printing-again-bullish-for-bitcoin/