Arthur Hayes drew attention to the results of the negotiations between finance ministers and heads of central banks of the G7 (Big Seven). One of the topics was the weakening of the Japanese yen in relation to other reserve assets. The US Treasury Department volunteered to help, and now, the businessman believes, it is necessary to monitor the final statements of the G7 leaders.
The seven largest economies in the world may decide to coordinate actions in the foreign exchange or bond markets in order to strengthen the yen. Arthur Hayes admitted that the weakening of the tough policy of the Bank of Canada and the European Central Bank (ECB) forced him to reconsider the forecast regarding the return of cryptocurrencies from the summer calm to the path to further price increases.
"We know how to play this game. This is the same game we've been playing since 2009, when our Lord and Savior Nakamoto gave us a weapon to defeat the devil of traditional finance. The background has changed, buy Bitcoin," Arthur Hayes proclaimed.
The co-founder of BitMEX is convinced that cryptocurrency bulls have begun to wake up and will soon begin to exert very strong pressure on regulators around the world.
Earlier, Arthur Hayes said that bitcoin has become an asset whose value is influenced by global political and macroeconomic dynamics, including changes in the value of fiat currencies.