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X @Arthur Hayes
Arthur Hayes· 2026-01-23 20:49
Very boolish if true for $BTC. This assumes Fed prints $, creates banking reserves. $'s are then sold to buy yen. If the Fed is manipulating the yen, we will see its b/s grow via the Foreign currency denominated assets line item which comes out weekly in the H.4.1 release. https://t.co/MrmWfGG1NR ...