TLDR
- Arthur Hayes says Japan’s stimulus could spark Bitcoin’s rise to $1 million.
- Bitcoin whales added over $60M in leveraged long positions this week.
- Japan’s new PM announced subsidies to ease household inflation costs.
- BOJ continues tightening but markets await possible easing signals.
Japan’s new Prime Minister Sanae Takaichi has announced an economic stimulus package that could shift the country’s monetary direction. BitMEX co-founder Arthur Hayes reacted by suggesting Bitcoin could climb to $1 million if Japan returns to money-printing. Hayes believes the new policy may push the Bank of Japan (BOJ) toward easing, a move he says could benefit both Bitcoin and the Japanese yen.
Takaichi Unveils Economic Stimulus to Ease Inflation Pressure
On Tuesday, Prime Minister Sanae Takaichi introduced a set of economic relief measures aimed at easing the burden of rising living costs. These measures include subsidies for electricity and gas bills, as well as financial support for regional governments. The goal is to support households and encourage wage increases among small and mid-sized businesses.
The stimulus announcement comes as inflation continues to pressure consumer spending. By offering targeted financial aid, the government hopes to maintain stability while promoting local economic growth. According to reports, these policies mark a clear move toward pro-stimulus governance under Takaichi’s leadership.
Arthur Hayes Predicts Bitcoin Surge Amid Possible BOJ Shift
Arthur Hayes, co-founder of BitMEX, responded to the announcement by suggesting that Japan could soon return to quantitative easing. He wrote in a post on X, “Translation: let’s print money to hand out to folks to help with food and energy costs.” Hayes believes this could drive Bitcoin’s price to $1 million.
This is not the first time Hayes has made such a forecast. He has previously said a return to easing by the BOJ would act as a major catalyst for Bitcoin’s growth. He also suggested that both Bitcoin and the yen could rise if Japan starts printing money again.
BOJ Remains in Tightening Mode Ahead of October Meeting
Despite speculation, the Bank of Japan is currently pursuing a tightening path. The BOJ has not announced any plans to return to bond-buying or lower interest rates. The central bank remains focused on reaching a 2% inflation target before making any policy shifts.
The next BOJ monetary policy meeting is scheduled for October 29. While most analysts expect a 0.75% interest rate hike by early 2026, the timeline remains unclear. As of now, there are no signs of an immediate change in the BOJ’s approach, although analysts are watching closely.
Bitcoin Whales Open Large Long Positions After Recent Price Drop
While macroeconomic factors unfold in Japan, large investors in the Bitcoin market are showing renewed confidence. After Bitcoin dropped to $104,000 last Friday, whales began opening large leveraged long positions, signaling expectations of price recovery.
Blockchain data from Lookonchain shows that three whale wallets deposited tens of millions of dollars into Hyperliquid to open new trades. One whale wallet, “0x3fce,” increased its long position to $49.7 million. Another, “0x89AB,” used 6x leverage to open a $14 million long position. These moves suggest that major holders are positioning for a possible upward trend.
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