Arthur Hayes, chief investment officer at family office Maelstrom, forecasts EUR/JPY falling from 185 to below 140 by June 2027, which he says would trigger a fresh wave of crypto liquidity. He links this forecast to US Treasury Secretary Scott Bessent’s currency strategy, which uses the Exchange Stabilization Fund to provide dollar liquidity without officially expanding the Fed’s balance sheet. Hayes highlights that the Banque de France could be forced into unofficial stimulus ahead of France’s 2027 presidential election, with French bond yields dangerously widening from Germany’s. Maelstrom maintains Bitcoin (BTC) as a structural long position regardless of short-term swings.
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