Arthur Hayes calls for $1M Bitcoin as new Japan PM orders economic stimulus
BitMEX co-founder Arthur Hayes predicts Bitcoin could hit $1 million following Japan's new PM ordering economic stimulus measures.Summary
Japan's new Prime Minister, Sanae Takaichi, announced economic stimulus measures, including subsidies for energy costs and regional grants, to combat inflation. BitMEX co-founder Arthur Hayes interpreted this as a precursor to further money printing by the Bank of Japan (BOJ), which he believes could catalyze Bitcoin's rise to $1 million and simultaneously boost the Japanese yen. Takaichi's "pro-stimulus" stance is seen by some analysts as potentially pushing Japan toward easing policies, contrasting with the BOJ's current quantitative tightening efforts. Separately, the article notes that Bitcoin whales are showing renewed bullish sentiment, opening large leveraged long positions after the cryptocurrency recovered from a recent dip to $104,000.
(Source：Cointelegraph)