According to Foresight News, Arthur Hayes, in his latest article titled 'Sugar High,' highlighted that the Federal Reserve's rate cuts provide only short-term market stimulation, akin to a 'sugar high,' and are insufficient for long-term market growth. Hayes emphasized that the Federal Reserve needs to implement more sustainable measures, such as increasing the money supply, to ensure continuous market growth. He also warned that the appreciation of the Japanese yen could exert pressure on global markets, particularly on dollar-based assets. Hayes predicted that if the yen continues to appreciate, the Federal Reserve might need to resume quantitative easing policies to stabilize the market. Additionally, he expressed optimism about the liquidity environment in global financial markets over the coming months, suggesting that cryptocurrencies like Bitcoin could benefit from this environment.