Japanese banks will boost crypto liquidity: Arthur Hayes
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Arthur Hayes has once again released a thought-provoking essay on the impact of US monetary policies on Japanese banks. He predicts that these banks will soon sell off large amounts of foreign bonds, mainly US Treasuries (USTs).
He believes this will prompt the Bank of Japan (BOJ) to use the Federal Reserve’s FIMA repo facility. The increase in dollar liquidity could greatly benefit Bitcoin and other cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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