Arthur Hayes Leaks Global Scenario: “If the Fed Prints Money For Japan, Bitcoin Could Rally!”

Jakarta, Pintu News – Bitcoin (BTC) price has remained flat since the crypto market’s major correction in October last year. The lack of new catalysts has made it difficult for the largest cryptocurrency to break out of the consolidation phase. However, BitMEX founder Arthur Hayes thinks the trigger for the next rally could come from outside the crypto industry. According to him, the potential printing of money by the Federal Reserve to stabilize the Japanese financial market could be a turning point for Bitcoin.

The Fed and Bitcoin’s Potential Rally

In his latest essay titled Woomph, Arthur Hayes mentions that Bitcoin needs an injection of global liquidity to get out of the sideways phase. He thinks that the turmoil in the yen and Japanese government bond markets has the potential to force central banks to make major interventions.

Both the Bank of Japan and the Federal Reserve are considered to have an interest in maintaining the stability of the global financial system. If intervention is done through money printing, the impact could extend to the crypto market.

Hayes asserts that history shows a strong link between central bank balance sheet expansion and the rise of scarce asset prices. Bitcoin, with its limited supply, often benefits when global liquidity increases. The weakening value of fiat currencies due to money printing also makes Bitcoin more attractive as a hedging asset. Therefore, Hayes sees aggressive monetary policy as a potential catalyst for a BTC rally.

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Japan Bond Crisis and Global Risks

Pressures in Japan’s financial markets are the main focus in the analysis. Continued yen weakness and rising Japanese government bond yields increase the risk of instability. These conditions could potentially prompt Japanese investors to sell US bonds to switch to higher-yielding domestic instruments. If it happens on a large scale, pressure on global bond markets could increase.

In such a scenario, the Federal Reserve could step in to maintain market stability. Hayes estimates that the Fed could create dollar liquidity and work with large financial institutions to prop up the yen and push down Japanese bond yields. This move will enlarge the Fed’s balance sheet through foreign exchange assets. The knock-on effect would be an increase in global liquidity that could potentially flow into riskier assets, including crypto.

Read also: Altcoins are in the red, why is crypto down today (1/29/26)?

Bitcoin Still Sideways, Waiting for the Big Trigger

Currently, Bitcoin is still struggling to break the psychological level of USD 100,000 or around Rp1.67 billion. The price of BTC is in the range of USD 89,209 or around Rp1.49 billion, with a relatively limited daily increase. According to Hayes, without a new money printing policy, Bitcoin is likely to remain moving in a narrow range. The market is still waiting for a major trigger capable of changing sentiment across the board.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinGape. BTC Price May Rally if Fed Prints Money to Stabilize Japan, Says Arthur Hayes. Accessed January 29, 2026.
• Featured Image: Crypto News