💬 Bitcoin will skyrocket thanks to the collapse of Japanese banks
This is what Arthur Hayes, co-founder of BitMEX, thinks.
He says the Japanese banking system is in deep trouble and the consequences will only drive up the bitcoin and cryptocurrency markets.
“You all know what this means for bitcoin and cryptocurrency… which is why I thought it was necessary to alert readers to another avenue of stealth money printing.”
This month, Japan's fifth-largest bank, Norinchukin, confirmed plans to sell $63 billion in U.S. and European bonds by March 2025.
According to Hayes, this is just the tip of the iceberg, as Japanese banks hold a total of "$850 billion in foreign bonds until 2022", including "nearly $450 billion in 'American bonds'.
This is what Arthur Hayes, co-founder of BitMEX, thinks.
He says the Japanese banking system is in deep trouble and the consequences will only drive up the bitcoin and cryptocurrency markets.
“You all know what this means for bitcoin and cryptocurrency… which is why I thought it was necessary to alert readers to another avenue of stealth money printing.”
This month, Japan's fifth-largest bank, Norinchukin, confirmed plans to sell $63 billion in U.S. and European bonds by March 2025.
According to Hayes, this is just the tip of the iceberg, as Japanese banks hold a total of "$850 billion in foreign bonds until 2022", including "nearly $450 billion in 'American bonds'.
8 days ago
