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But we saved everything 🙂.
Arthur Hayes commented on the recent drop in Bitcoin's price, attributing it to dealer hedging related to structured products like IBIT.
He plans to compile a complete list of notes issued by banks to identify trigger points that could cause significant price fluctuations. Hayes emphasized the importance of adapting to the changing market landscape.
Hayes’s perspective on market dynamics reflects broader themes he has addressed regarding Federal Reserve policy, notably raising doubts over whether the Fed is likely to halt its ongoing money printing amid evolving economic challenges. Furthermore, his analysis resonates with warnings about the potential risk to U.S. treasuries should Japanese investors shift preference towards domestic bonds, a scenario examined in-depth in his coverage of the impact of Japanese investment flows.