The statement is true.
x^2*y^2=x^2 - y^2 <=> y^2 = x^2/(x^2 + 1),
y=x/sqrt(x^2+1) or y=-x/sqrt(x^2+1),
x^2/(x^2 + 1)->1 as x -> +infinity, x^2/(x^2 + 1)->1 as x -> -infinity,
y ->1 as x -> infinity or y ->-1 as x -> infinity.
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