Arthur Hayes cited Japanese policy as a driver for Bitcoin's rise to $1 million.
Date: 2025-10-23 Author: Henry Casey Categories: CRYPTO PAYMENTS, IN WORLD
Following the inauguration of Japan's new Prime Minister, Takaichi, the government announced plans to support the population amid rising prices. Among the proposed initiatives are state subsidies for gas and electricity, as well as additional payments to regions to reduce inflationary pressure. Furthermore, the authorities intend to support small and medium-sized businesses to stimulate wage growth.
Arthur Hayes, co-founder of BitMEX, believes that such steps will effectively lead to the Bank of Japan launching a "printing press" program. He argues that such actions will inevitably trigger an influx of Japanese capital into the cryptocurrency market, particularly Bitcoin, as the population seeks protection from the weakening yen.
In a social media post, X Hayes sarcastically commented on the government's intentions: "If you translate their statement, it sounds like: let's print more money and hand it out to citizens to help pay the bills that have risen precisely because of previous rounds of issuance." He emphasized that such a policy would be a powerful catalyst for growth not only for Bitcoin but also for other high-risk assets.
Following Takaichi's appointment, the Japanese yen fell to a weekly low. Her election was a historic event – the first time in the country's history that a woman has held the post of prime minister. Economists expect the Bank of Japan to discuss monetary policy adjustments at its next meeting, scheduled for October 29. According to Reuters, the rate could be raised by 0.75% by early 2026.
This isn't the first time Hayes has made bold predictions about the future of cryptocurrencies. He previously stated that Bitcoin could reach $3.2 million by 2028 due to growing demand from institutional investors and a limited supply. He also expects Ethereum to surpass $10,000 by the end of this year.
Therefore, according to Hayes, Japan's current economic policy could be the impetus that propels Bitcoin to new historical highs. If the scenario of active money printing materializes, the Japanese market could become a key driver of global growth in the cryptocurrency sector.
