Arthur Hayes Calls for $1M Bitcoin Amid Japan’s Stimulus Push
Japan’s new Prime Minister, Sanae Takaichi, unveiled an extensive economic stimulus package on Tuesday to counter inflation’s impact on households. The measures include subsidies for energy costs and regional grants to support small and medium-sized businesses.
Crypto analysts believe this move could channel more capital into Bitcoin as investors brace for renewed fiat money printing.
Hayes: “Let’s Print Money”
BitMEX co-founder Arthur Hayes interpreted the announcement as a sign that Japan is heading toward further monetary easing.
“Translation: let’s print money to hand out to folks to help with food and energy costs,” Hayes posted on X, suggesting Bitcoin could rise to $1 million.
Following the announcement, the Japanese yen dropped to a one-week low. Investors viewed Takaichi’s “pro-stimulus” stance as a potential precursor to a Bank of Japan (BOJ) policy pivot.
BOJ’s QE Pivot Could Ignite the Next Bitcoin Rally
Hayes previously predicted that Bitcoin’s path to $250,000 would begin once the BOJ resumed quantitative easing (QE)—a policy that increases liquidity through bond purchases and lower rates.
The BOJ’s next policy meeting is set for October 29, with analysts divided on the timing of a potential rate cut or QE restart. For now, the bank continues quantitative tightening, awaiting stable 2% inflation.
However, Takaichi’s fiscal approach could push Japan toward easing, aligning it with over 80% of global central banks already engaged in QE, according to Milk Road Macro.
Bitcoin Whales Show Renewed Confidence
Despite recent volatility, Bitcoin whales appear increasingly bullish. Data from Lookonchain shows three major wallets depositing tens of millions into decentralized exchange Hyperliquid to open leveraged long positions after BTC’s dip to $104,000.
Wallet “0x3fce” expanded its Bitcoin long to $49.7 million, while “0x89AB” opened a 6x leveraged position worth $14 million, signaling institutional confidence in a rebound.
As global liquidity loosens and Japan edges closer to QE, Hayes’s $1M Bitcoin forecast may not be as far-fetched as it once seemed.
