Based on Bitcoin.com, the recent weakness of the Japanese yen, which hit a 10-month low against the U.S. dollar, has raised the possibility of igniting a Bitcoin bull run. Arthur Hayes, co-founder of Bitmex, suggested that interventions to stabilize the yen could act as a catalyst for Bitcoin, potentially driving its price to $1 million or more. The Federal Reserve may play a role in defending the yen, which could relieve pressure on U.S. industries and impact the dollar’s global reserve status. Hayes believes the yen’s decline could create favorable conditions for Bitcoin price increases by 2026.
Yen Weakness Could Spark Bitcoin Bull Run to $1M, Says Arthur Hayes
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