🚀🚀 Bitcoin enthusiasts, buckle up! Former BitMEX CEO Arthur Hayes suggests a potential surge in Bitcoin prices due to the weakening Japanese yen! 🎌💱

Hayes argues that the yen's rapid depreciation against the US dollar, thanks to a significant interest rate gap, is hurting Japan's export competitiveness against China. 🇨🇳🇯🇵

To prevent a yuan devaluation that could harm US manufacturing, the US might push Japan to strengthen the yen. How? By having the Federal Reserve engage in unlimited dollar-yen currency swaps with the Bank of Japan. 💵🔄💴

These colossal Fed dollar swaps would increase the global dollar supply, weakening the dollar but allowing China to boost its economy without devaluing the yuan. 🌏💲📉

This weakening greenback could drive up the prices of dollar-denominated assets, including US stocks and cryptocurrencies like Bitcoin! 💰📈💻

Hayes sees this yen weakening pressure climaxing around the US election, prompting policymakers to act. This situation could be very bullish for Bitcoin as a hedge against rising global liquidity. 🌊💪

Bitcoin has been on a roll this year, largely driven by ETF hype and demand, reaching $72,000 yesterday amid hopes of the US SEC approving Ethereum ETFs. 🚀🎉

However, many experts believe the real rally will begin once global superpowers like the US start reducing interest rates. So, keep your eyes on the market, Bitcoin lovers! 🧐📊🚀