Arthur Hayes Predicts ENA Fivefold Rise on Fed Liquidity Expansion

Hayes forecasts ENA gains via FIMA-driven dollar liquidity, maintaining bullish stance on BTC and gold while monitoring yen dynamics.

Woofun AI notes that Arthur Hayes identifies the Japanese yen as a critical macro variable, favoring a scenario where the Japanese Ministry of Finance uses the Federal Reserve's FIMA tool to collateralize Treasury bonds for dollar liquidity. This mechanism would expand the Fed's balance sheet, driving Hayes' bullish outlook on Bitcoin and physical gold. He highlights Ethereum as a potential opportunity due to its role in RWA security and predicts ENA could rise fivefold if increased liquidity boosts Bitcoin basis returns and attracts capital to USDe. Hayes maintains current dollar positions pending confirmation of FIMA rule adjustments.