BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Arthur Hayes Predicts Japanese Bank Crisis Will Boost Bitcoin

Michael Juanico by Michael Juanico
June 21, 2024
in CRYPTO
Reading Time: 3 mins read
2
SHARES
35
VIEWS
Share on XShare in TelegramShare on Reddit
  • Arthur Hayes believes failing Japanese banks holding underwater U.S. government bonds will lead to more money printing by the Bank of Japan, which will drive up the price of Bitcoin and crypto assets.
  • Hayes suggests the Bank of Japan will use its Foreign and International Monetary Authorities (FIMA) repo facility to exchange U.S. Treasuries for newly printed U.S. dollars to bail out Japanese banks.
  • Hayes advises readers to rotate out of stablecoins and into crypto assets like Bitcoin, calling it “another pillar of the crypto bull market” as more dollars will need to be printed.

Arthur Hayes, co-founder of BitMEX, says the Japanese banking system is in dire straits and that the consequences will only send Bitcoin and crypto markets higher.

NEW: BitMEX co-founder Arthur Hayes predicts the Japanese banking system's impending bailout will propel #Bitcoin and crypto markets

— BlockNews.com (@blocknewsdotcom) June 21, 2024

Japanese Banks in Trouble

Much like US banks in March of 2023, Hayes argued on Thursday that Japanese banks will soon need a massive bailout due to the deeply underwater US government bonds on their balance sheet.

“Y’all know what that means for Bitcoin and crypto,” which is why I thought it necessary to alert readers about another avenue of stealth money printing, he wrote. Since last year’s banking crisis and its subsequent central bank bailout, he noted that Bitcoin’s price has risen over 200%.

The similarities between then and now are striking. Last year, Silicon Valley Bank revealed that it had realized a $18 billion loss on its underwater bonds, sparking a bank run and a quick bailout from both the Federal Reserve and the US Treasury. To stem banking system contagion, the Fed also promised to fully backstop any US Treasuries held at US banks.

More Losses to Come

Hayes believes that’s just the tip of the iceberg, as Japanese banks cumulatively held $850 billion in foreign bonds going into 2022, including almost $450 billion in US bonds per an IMF survey. He said potential bond sale of this magnitude is something that US Treasury Secretary Janey Yellen would not be willing to stomach.

“That cannot be allowed as yields would spike higher and make funding the federal government extremely expensive,” Hayes said. “She will demand that the Bank of Japan (BOJ) purchase these bonds from Japanese banks it supervises.”

Money Printing to Come

To accomplish this, Hayes suggests the BOJ will leverage its Foreign and International Monetary Authorities (FIMA) repo facility, which allows it to pledge US Treasuries as collateral in return for newly printed US dollar bills.

Consequences for Bitcoin

The consequence? More money printing and fatter bags for people who hold assets like Bitcoin. As such, Hayes said he’ll soon be rotating out of Ethena stablecoins and into crypto risk and advised readers to “buy the fucking dip.”

“This is just another pillar of the crypto bull market,” he concluded. “The supply of dollars must increase to maintain the current Pax Americana dollar-based filthy financial system.”

Earlier this month, Hayes told followers that it was time to go long on Bitcoin and “shitcoins” since central banks are now beginning to cut interest rates for the first time in years.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Arthur HayesBitcoinBitMexCrypto MarketsFederal Reserve
Tweet1ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important
CRYPTO

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 
CRYPTO

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase
BITCOIN

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?
CRYPTO

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon
CRYPTO

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
Load More

Related News

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

September 2, 2025
Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews