Arthur Hayes: Japanese capital repatriation could bring liquidity to bitcoin
- —Hayes linked the yen's rise to the unwinding of the carry trade and growing demand for dollar liquidity
- —Japan owns $1.143 trillion in U.S. Treasuries, or $1.373 trillion including GPIF
- —Hayes expects use of the Fed's FIMA facility rather than direct sales of securities
- —Hayes himself admitted his forecasts have come true only 2 times out of 8 this year
Why it matters: The scenario of liquidity inflows in the event of Japanese capital repatriation is a potential bullish driver for BTC and ETH.
Source: Blockmedia