NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

BitMEX Founder Predicts The Dawn Of ‘Crypto Valhalla’: When Will It Start?

Jake Simmons
Jake Simmons
1 year ago
3 mins read
Arthur Hayes Bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In his latest essay titled “The Easy Button,” Arthur Hayes, founder of the crypto exchange BitMEX, delves into the dynamics of global monetary policies and their consequential ties to what he describes as the impending ‘Crypto Valhalla.’ Hayes analyzes the policy maneuvers of the world’s major economies, notably Japan, the United States, and China, and their effects on the crypto landscape.

The Dawn Of Crypto Valhalla

Hayes outlines the Federal Reserve’s potential strategy in coordination with the US Treasury to engage in unlimited dollar-for-yen swaps with the Bank of Japan (BOJ). This measure aims to manipulate exchange rates to stabilize the yen without causing disruptive economic shifts.

Hayes states, “The Fed, acting on orders from the Treasury, can legally swap dollars for yen in unlimited amounts for as long as they wish with the BOJ.” This tactic, according to Hayes, is designed to avert immediate financial crises by deferring hard economic decisions.

Related Reading

Chainlink price crash

Crypto Analyst Sounds Warning Alarm For Potential 50-60% Crash In Chainlink Price, Here’s Why

1 year ago

The implications for Japan’s economy are stark, with Hayes predicting severe consequences should the BOJ decide to raise interest rates: “If the BOJ raises interest rates, it commits seppuku,” Hayes notes, using the Japanese term for ritual suicide to underscore the potential self-destructive economic impact, given that the BOJ is the largest holder of Japanese Government Bonds (JGBs) and would incur massive losses.

The devaluation of the yen has also significant ramifications for China’s global economic competitiveness, especially in exports. Hayes discusses how a weaker yen harms China’s export economy by making Japanese goods cheaper internationally, directly competing with Chinese products.

He suggests that the People’s Bank of China might respond by devaluing the yuan to maintain competitive balance. “If the yen keeps weakening, China will respond by devaluing the yuan,” Hayes predicts, outlining a potential economic tit-for-tat that could destabilize global markets.

Hayes further theorizes about a dramatic monetary policy shift in China involving its substantial gold reserves. He posits that China could use these reserves to peg the yuan to gold, thereby creating a new economic landscape.

“China is estimated to have stockpiled over 31,000 tonnes of gold […] I believe that for domestic and foreign political reasons, China wishes to keep the dollar-yuan rate stable.” By pegging the yuan to gold, China could potentially insulate itself from currency fluctuations and exert greater control over its economic destiny.

The essay also touches on the intersection of US politics and economic policy, particularly in light of the approaching presidential election. Hayes speculates that domestic economic pressures, such as job losses and the reshoring of manufacturing, could significantly influence the Biden administration’s policy decisions.

Related Reading

Cardano

Cardano Founder Predicts Crypto As Election Game-Changer: Impact On Price

1 year ago

He argues that the administration may avoid aggressive moves against China to prevent a backlash in pivotal states: “Biden must win these battleground states to keep the Orange Man at bay. Biden cannot afford a yuan devaluation before the election.”

Hayes suggests that these global currency maneuvers could lead to a bullish scenario for cryptocurrencies. He advises crypto traders and institutional investors to monitor the USDJPY exchange rate closely, asserting that significant movements could indicate shifts favorable to crypto valuations.

“Watch the USDJPY rate closer than Solana devs monitor uptime,” he advises, highlighting the potential for substantial financial opportunities in the cryptocurrency space.On the timing of a potential “Crypto Valhalla,” Hayes speculates that the pace of yen depreciation will accelerate into the fall. “This will put pressure on the US, Japan, and China to do something. The US election is a crucial motivating factor for the Biden administration to come up with some solution.”

According to Hayes, a USDJPY surge towards 200 is “enough to put on the Chemical Brothers and ‘Push the Button.’ This analogy to the Chemical Brothers’ song underscores the urgency and drastic nature of the action required to counter such a currency imbalance.

“If my theory becomes reality, it is trivial for any institutional investor to buy one of the US-listed Bitcoin ETFs. Bitcoin is the best-performing asset in the face of global fiat debasement, and they know it. When something is done about the weak yen, I will mathematically guestimate how flows into the Bitcoin complex will ratchet the price to $1 million and possibly beyond. Stay imaginative, stay boolish, now is not the time to be a cuck,” Hayes concludes.

At press time, Bitcoin traded at $70,835.

Bitcoin price
BTC price, 1-day chart | Source: BTCUSD on TradingView.com
Featured image from YouTube / Tom Bilyeu, chart from TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ondo finance Bitcoin cryptocurrency blockchain finance

Ondo Finance Surges 20% Weekly Amid Hype and Growing DeFi Demand

Ondo Finance (ONDO) has risen as one of the top performers in the market this week, surging 20% to trade...

James Halver 3 hours ago

柴犬幣獲力挺價格上看156%漲幅 現在最值得買入這個迷因幣潛力升幅100倍

隨著市場對迷因幣熱度再度升溫,柴犬幣(Shiba Inu,簡稱SHIB)重新站上話題中心。一位知名匿名交易員Unipcs最近預測,迷因幣市場正準備進入拋物線式的上升階段,柴犬幣將是這波趨勢中的主要受益...

Mark Mak 4 hours ago
Ethereum

Ethereum Validator Slashing Puts Cardano’s Resilience In Focus – Here’s Why

A recent slashing of Ethereum from different validators has reignited the debate around staking models, with many pointing to Cardano’s...

Godspower Owie 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin price news

Bitcoin Bears Shaken—Analyst Says Local Bottom 90% Likely Set

Jake Simmons 40 minutes ago
Dogecoin

Dogecoin Breaks Out, Eyes Historic Surge Between $0.41–$0.97 – What To Expect

Godspower Owie 1 hour ago
Dogecoin

Dogecoin Defies Odds, Jumps 21% Even As ETF Debut Gets Pushed Back

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • トレーダー注目の新規コイン ― 仮想通貨1000倍リターンを狙える格安銘柄

    トレーダー注目の新規コイン ―...

    7 hours ago
  • ミームコインが注目のプレセールで100万ドル突破 ― Mine-to-Earn型報酬が話題に

    ...

    7 hours ago
  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    13 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    13 hours ago
  • イーサリアム...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.