Hayes: Ethereum is Maelstrom's largest position, BTC at $250K-$500K only after a crisis
- —Ethereum was named Maelstrom's largest portfolio position, with ether.fi and ENA smaller
- —Hayes is waiting for a "real crisis" to trigger large-scale Fed money printing
- —A fall in EUR/JPY from 182 to 140-120 would hit French banks holding 20% of the U.S. repo market
- —A Bitcoin target of $250,000-$500,000 is only possible with rapid money supply growth
Why it matters: A signal from a major fund in favor of ETH and a precondition for a new BTC rally: the market will watch EUR/JPY and the Fed's balance sheet.
Source: TokenPost