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Arthur Hayes Predicts Bitcoin to $1M as BOJ Hike Seen as Bullish for Crypto

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Arthur Hayes, co-founder of BitMEX, sees a bullish trend for Bitcoin amid Japan’s inflationary policy, despite a recent BOJ rate hike. The BOJ lifted its short-term rate to 0.75%, but Hayes argues negative real rates will weaken the yen and boost crypto demand. He forecasts Bitcoin could hit $1 million as cash loses value. The dollar may rise to 200 yen, he added, with Japan likely allowing depreciation to spur growth. Altcoins to watch may also gain traction in this environment.
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