{"id":633738,"date":"2024-08-07T17:00:32","date_gmt":"2024-08-07T17:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=633738"},"modified":"2024-08-07T13:12:10","modified_gmt":"2024-08-07T13:12:10","slug":"arthur-hayes-trade-crypto-amid-dollar-yen-death-march","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/","title":{"rendered":"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’"},"content":{"rendered":"

In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market.<\/p>\n

Hayes begins by discussing the potential actions of the US Vice President Kamala Harris<\/a> in response to an impending financial crisis, influenced by her need to secure electoral victory. He predicts, “Harris will instruct Yellen to use the monetary tools available to her to avert a financial crisis,” suggesting an immediate response to stabilize the markets expected “no later than the opening of Asian trading next Monday, August 12th.”<\/p>\n

Related Reading: Bitwise CIO Believes The Crypto Crash Sets The Stage For Bitcoin To Thrive \u2013 Key Reasons Why<\/a><\/div>\n

The analysis revolves around the ‘yen carry trade,’ where Japan Inc. borrows yen at low rates to invest in higher-yielding foreign assets. This trade has been massively profitable due to the Bank of Japan’s (BOJ) policies that keep yen liabilities low and asset returns high, facilitated by a weak yen. However, Hayes points out the vulnerabilities of this strategy: “If the BOJ ceases its bond purchases, the unwinding could lead to significant yen appreciation and a corresponding decline in global equity markets.”<\/p>\n

Hayes outlines the potential dire consequences of a sudden strengthening of the yen, predicting drastic impacts on global stock markets. He quantifies these impacts, stating, “If the dollar-yen reached 100, a 38% move, the Nasdaq would drop to ~12,600 and the Nikkei to ~25,365,” indicating severe repercussions for global financial stability.<\/p>\n

According to the former BitMEX CEO, the full unwind of the dollar-yen carry trade<\/a> is a question of when, not if. \u201cThe question is when the Fed and Treasury will print money to blunt its effects on Pax Americana,\u201d he adds and describes a scenario where the US equity markets could crash into this upcoming Friday. \u201cThen some sort of action over the weekend is probable,\u201d according to Hayes.<\/p>\n

He further theorizes on a more long-term scenario: \u201cIf the yen starts to weaken again, the crisis is over in the immediate term. The unwind will continue, albeit at a slower pace. I believe the markets will throw another tantrum between September and November as the dollar-yen pair resumes its death march toward 100. There will definitely be a response this time around, as the US presidential election will be weeks or days away.\u201d<\/p>\n

How To Trade Crypto In This Environment<\/h2>\n

Hayes describes the situation as complex due to two conflicting liquidity forces. \u201cTrading this in a crypto fashion is difficult. Two opposing forces influence my crypto positioning,\u201d he states.<\/p>\n

First, there is the \u201cLiquidity Positive Force\u201d. This force emerges from the US Treasury’s potential actions, which could inject significant dollar liquidity into the market. Hayes notes, “After a quarter of net restrictive policy, the US Treasury will net inject dollar liquidity<\/a> because it will issue Treasury bills and possibly deplete the Treasury General Account.” This influx of liquidity could buoy markets, including cryptocurrencies, by providing more capital for investment.<\/p>\n

Related Reading: Why The 4-Year Crypto Cycle Is A Thing Of The Past: Top-Analyst<\/a><\/div>\n

Conversely, the strengthening of the yen (\u201cLiquidity Negative Force\u201d), driven by the unwinding of the carry trade, would necessitate a global sell-off of financial assets as higher yen costs make debt servicing more expensive. This force could lead to a withdrawal of liquidity from markets, exerting downward pressure on asset prices, including cryptocurrencies.<\/p>\n

Hayes proposes that the interplay of these forces will dictate the behavior of Bitcoin and other cryptocurrencies. He categorizes potential outcomes into two scenarios:<\/p>\n

Convex-Bitcoin Scenario:<\/strong> In this scenario, Bitcoin could rise in value regardless of whether the dollar-yen pair strengthens or weakens, indicating that the market expects a bailout if the yen strengthens and that the liquidity provided by the US Treasury is sufficient to counteract the negative impacts.<\/p>\n

Correlated-Bitcoin Scenario:<\/strong> Here, Bitcoin’s price movements would align closely with traditional financial markets. A strengthening yen would lead to a fall in Bitcoin prices, and a weakening yen would result in a rise, mirroring the liquidity shifts in traditional finance.<\/p>\n

\u201cIf the setup is convex-Bitcoin, I will aggressively add positions as we have reached the local bottom. If the setup is correlated-Bitcoin, then I will sit on the sidelines and wait for the eventual market capitulation. The mega assumption is that the BOJ will not reverse course, cut deposit rates back to 0%, and resume unlimited JGB purchases. If the BOJ sticks by the plan it laid out at its last meeting, the carry trade unwind will continue,\u201d Hayes concludes.<\/p>\n

At press time, BTC traded at $57,200.<\/p>\n

\"Bitcoin
Bitcoin uptrend pauses at major resistance, 1-day chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from YouTube, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris in response to an impending financial crisis, influenced by her need to secure electoral victory. He predicts, “Harris will instruct Yellen to use the monetary tools available to her to avert a financial crisis,” suggesting an immediate response to stabilize the markets expected “no later than the opening of Asian trading next Monday, August 12th.” Related Reading: Bitwise CIO Believes The Crypto Crash Sets The Stage For Bitcoin To Thrive \u2013 Key Reasons Why The analysis revolves around the ‘yen carry trade,’ where Japan Inc. borrows yen at low rates to invest in higher-yielding foreign assets. This trade has been massively profitable due to the Bank of Japan’s (BOJ) policies that keep yen liabilities low and asset returns high, facilitated by a weak yen. However, Hayes points out the vulnerabilities of this strategy: “If the BOJ ceases its bond purchases, the unwinding could lead to significant yen appreciation and a corresponding decline in global equity markets.” Hayes outlines the potential dire consequences of a sudden strengthening of the yen, predicting drastic impacts on global stock markets. He quantifies these impacts, stating, “If the dollar-yen reached 100, a 38% move, the Nasdaq would drop to ~12,600 and the Nikkei to ~25,365,” indicating severe repercussions for global financial stability. According to the former BitMEX CEO, the full unwind of the dollar-yen carry trade is a question of when, not if. \u201cThe question is when the Fed and Treasury will print money to blunt its effects on Pax Americana,\u201d he adds and describes a scenario where the US equity markets could crash into this upcoming Friday. \u201cThen some sort of action over the weekend is probable,\u201d according to Hayes. He further theorizes on a more long-term scenario: \u201cIf the yen starts to weaken again, the crisis is over in the immediate term. The unwind will continue, albeit at a slower pace. I believe the markets will throw another tantrum between September and November as the dollar-yen pair resumes its death march toward 100. There will definitely be a response this time around, as the US presidential election will be weeks or days away.\u201d How To Trade Crypto In This Environment Hayes describes the situation as complex due to two conflicting liquidity forces. \u201cTrading this in a crypto fashion is difficult. Two opposing forces influence my crypto positioning,\u201d he states. First, there is the \u201cLiquidity Positive Force\u201d. This force emerges from the US Treasury’s potential actions, which could inject significant dollar liquidity into the market. Hayes notes, “After a quarter of net restrictive policy, the US Treasury will net inject dollar liquidity because it will issue Treasury bills and possibly deplete the Treasury General Account.” This influx of liquidity could buoy markets, including cryptocurrencies, by providing more capital for investment. Related Reading: Why The 4-Year Crypto Cycle Is A Thing Of The Past: Top-Analyst Conversely, the strengthening of the yen (\u201cLiquidity Negative Force\u201d), driven by the unwinding of the carry trade, would necessitate a global sell-off of financial assets as higher yen costs make debt servicing more expensive. This force could lead to a withdrawal of liquidity from markets, exerting downward pressure on asset prices, including cryptocurrencies. Hayes proposes that the interplay of these forces will dictate the behavior of Bitcoin and other cryptocurrencies. He categorizes potential outcomes into two scenarios: Convex-Bitcoin Scenario: In this scenario, Bitcoin could rise in value regardless of whether the dollar-yen pair strengthens or weakens, indicating that the market expects a bailout if the yen strengthens and that the liquidity provided by the US Treasury is sufficient to counteract the negative impacts. Correlated-Bitcoin Scenario: Here, Bitcoin’s price movements would align closely with traditional financial markets. A strengthening yen would lead to a fall in Bitcoin prices, and a weakening yen would result in a rise, mirroring the liquidity shifts in traditional finance. \u201cIf the setup is convex-Bitcoin, I will aggressively add positions as we have reached the local bottom. If the setup is correlated-Bitcoin, then I will sit on the sidelines and wait for the eventual market capitulation. The mega assumption is that the BOJ will not reverse course, cut deposit rates back to 0%, and resume unlimited JGB purchases. If the BOJ sticks by the plan it laid out at its last meeting, the carry trade unwind will continue,\u201d Hayes concludes. At press time, BTC traded at $57,200. Featured image from YouTube, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":627333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[230,428,656,679,1122,6664,14690,1557,92852,92853],"class_list":["post-633738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arthur-hayes","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc-price","tag-crypto","tag-crypto-news","tag-cryptocurrencies","tag-dollar-yen-carry-trade","tag-dollar-yen-death-march"],"acf":[],"yoast_head":"\nHow To Trade Crypto Amid 'Dollar-Yen Death March': Arthur Hayes<\/title>\n<meta name=\"description\" content=\"In his latest essay, Arthur Hayes dives deep into unwinding of the dollar-yen carry trade and its impact on the crypto market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Trade Crypto Amid 'Dollar-Yen Death March': Arthur Hayes\" \/>\n<meta property=\"og:description\" content=\"In his latest essay, Arthur Hayes dives deep into unwinding of the dollar-yen carry trade and its impact on the crypto market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-07T17:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-07T13:12:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050\" \/>\n\t<meta property=\"og:image:width\" content=\"1515\" \/>\n\t<meta property=\"og:image:height\" content=\"1050\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’\",\"datePublished\":\"2024-08-07T17:00:32+00:00\",\"dateModified\":\"2024-08-07T13:12:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\"},\"wordCount\":810,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050\",\"keywords\":[\"Arthur Hayes\",\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc price\",\"crypto\",\"crypto news\",\"cryptocurrencies\",\"Dollar-Yen Carry Trade\",\"Dollar-Yen Death March\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\",\"url\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\",\"name\":\"How To Trade Crypto Amid 'Dollar-Yen Death March': Arthur Hayes\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050\",\"datePublished\":\"2024-08-07T17:00:32+00:00\",\"dateModified\":\"2024-08-07T13:12:10+00:00\",\"description\":\"In his latest essay, Arthur Hayes dives deep into unwinding of the dollar-yen carry trade and its impact on the crypto market.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050\",\"width\":1515,\"height\":1050,\"caption\":\"Bitcoin altcoin bull run Arthur Hayes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.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. 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\u2019s 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\u2019s 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\u2019s 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\u2019s 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.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"How To Trade Crypto Amid 'Dollar-Yen Death March': Arthur Hayes","description":"In his latest essay, Arthur Hayes dives deep into unwinding of the dollar-yen carry trade and its impact on the crypto market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/","og_locale":"en_US","og_type":"article","og_title":"How To Trade Crypto Amid 'Dollar-Yen Death March': Arthur Hayes","og_description":"In his latest essay, Arthur Hayes dives deep into unwinding of the dollar-yen carry trade and its impact on the crypto market.","og_url":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-07T17:00:32+00:00","article_modified_time":"2024-08-07T13:12:10+00:00","og_image":[{"width":1515,"height":1050,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050","type":"image\/png"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’","datePublished":"2024-08-07T17:00:32+00:00","dateModified":"2024-08-07T13:12:10+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/"},"wordCount":810,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050","keywords":["Arthur Hayes","bitcoin","Bitcoin news","bitcoin price","btc price","crypto","crypto news","cryptocurrencies","Dollar-Yen Carry Trade","Dollar-Yen Death March"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/","url":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/","name":"How To Trade Crypto Amid 'Dollar-Yen Death March': Arthur Hayes","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050","datePublished":"2024-08-07T17:00:32+00:00","dateModified":"2024-08-07T13:12:10+00:00","description":"In his latest essay, Arthur Hayes dives deep into unwinding of the dollar-yen carry trade and its impact on the crypto market.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050","width":1515,"height":1050,"caption":"Bitcoin altcoin bull run Arthur Hayes"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.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. 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\u2019s 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\u2019s 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\u2019s 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\u2019s 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.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’","url":"http:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arthur hayes","bitcoin","bitcoin news","bitcoin price","btc price","crypto","crypto news","cryptocurrencies","dollar-yen carry trade","dollar-yen death march"],"dateCreated":"2024-08-07T17:00:32Z","datePublished":"2024-08-07T17:00:32Z","dateModified":"2024-08-07T17:00:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/arthur-hayes-trade-crypto-amid-dollar-yen-death-march\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Screenshot-2024-07-02-090116.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arthur hayes\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc price\",\"crypto\",\"crypto news\",\"cryptocurrencies\",\"dollar-yen carry trade\",\"dollar-yen death march\"],\"dateCreated\":\"2024-08-07T17:00:32Z\",\"datePublished\":\"2024-08-07T17:00:32Z\",\"dateModified\":\"2024-08-07T17:00:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-02-090116.png?fit=1515%2C1050","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633738"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=633738"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/627333"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=633738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=633738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=633738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}