Bitcoin Price Could Rise if Fed Stabilizes Japan’s Bond Market
- Bitcoin has been in a negative trend since last October’s crypto market crash.
- Currently, BTC is priced at $89,209, showing a slight increase of 0.9% over the past day.
- Arthur Hayes suggests that the US Federal Reserve’s money printing could help stabilize Japan’s bond market and boost Bitcoin prices.
- If Japanese investors sell US Treasuries for higher-yielding bonds, it may impact the US financial system.
- Hayes believes that additional liquidity from the Fed could make Bitcoin more appealing as an inflation hedge.
The potential intervention by the Federal Reserve to support Japan’s financial markets could lead to increased liquidity globally, which historically benefits assets like Bitcoin. Without such measures, Bitcoin may continue its sideways movement.
As of now, Bitcoin remains below significant resistance levels while struggling to regain momentum since last year’s market downturn.(Source)
