Arthur Hayes: Bitcoin price will pump thanks to Fed printing money through Japan

Arthur Hayes has come up with a new theory on what will send Bitcoin higher: a Federal Reserve bailout of the distressed Japanese markets that’ll be disguised as currency intervention. The BitMEX co-founder and crypto angel investor argued in a new essay that the US central bank will soon print dollars to buy yen, then use those yen to purchase Japanese Government Bonds, also known as JGBs. If the Fed goes ahead, the move would expand its balance sheet — basically bringing about another bout of money pr ...