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Markets

Hayes: Fed Yen Intervention Could Boost Bitcoin Liquidity

Published 11 August 2026

Arthur Hayes, the BitMEX cofounder and head of the crypto investment firm Maelstrom, has outlined a macroeconomic thesis suggesting that a coordinated U.S.-Japan effort to strengthen the Japanese yen could significantly expand dollar liquidity and fuel rallies in Bitcoin, gold, and Ether.

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