Key Points of the Article
Japan's Ministry of Finance secures dollars using US bonds as collateral under FIMA, leading to yen purchases
Mr. Hayes predicts a 5 to 10-fold increase in ENA
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, discussed in his blog 'Crypto Trader Digest' on Substack in the article 'Yen-quake' how the US Treasury's currency scheme is expected to expand dollar liquidity and boost Bitcoin.
Earlier this month, monetary authorities from the US and Japan implemented coordinated currency interventions in the dollar-yen exchange rate...
