Arthur Hayes says crypto direction depends on central bank liquidity, not short-term market sentiment.
Japan’s weak yen and rising bond yields are emerging as a major global financial risk.
Hayes expects the U.S. and Federal Reserve to intervene if Japan’s instability spreads.
Former BitMEX CEO Arthur Hayes says the direction of the crypto market over the next six months will be shaped less by hype and more by how global central banks respond to growing stress in traditional finance.
In a recent analysis, Hayes compared today’s financial system to a fragile mountain snowpack, calm on the surface, but unstable underneath. His message was clear: when markets send warning signals, investors should take note.
Japan Emerges as the Pressure Point
Hayes pointed to Japan as a key source of global risk. The Japanese yen has weakened sharply while long-term Japan…
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