Arthur Hayes: If the Federal Reserve intervenes in the yen through "money printing," it will benefit Bitcoin.

BitMEX co-founder Arthur Hayes stated in an article on the X platform that if the related news (that Japanese authorities may be preparing to intervene in the exchange rate) is true, it would be "extremely bullish" for Bitcoin. He analyzed that this logic is based on the premise that the Federal Reserve creates bank reserves by "printing money," then sells dollars to buy yen, thereby indirectly intervening in the yen's exchange rate. Arthur Hayes pointed out that if the Federal Reserve is indeed manipulating the yen, its balance sheet will show an increase through the "foreign currency-denominated assets" item, which can be verified in the weekly H.4.1 report.