Yen Strengthening Plan Could Trigger Crypto Rally

Arthur Hayes, co-founder of BitMEX, believes that the yen is on the verge of an 'earthquake' as Japan's Ministry of Finance prepares to pledge its $1.373 trillion in U.S. Treasuries to the Federal Reserve in exchange for dollars.

This maneuver will allow Japan to buy yen in the foreign exchange market and strengthen the currency, which has been undervalued for years.

Hayes predicts that this move will lead to a surge in global dollar liquidity and ultimately trigger a rally in Bitcoin and gold prices.