Arthur Hayes comments on Japan's new economic policy, saying it will help push Bitcoin to $1 million
ChainCatcher news, Arthur Hayes commented on the news that "Japan is launching an economic plan to tackle inflation," stating, "This means printing money and distributing it to people as subsidies for food and energy costs. These costs have risen because too much money was printed before. It's crazy, but anyway: if the yen rises to 200, bitcoin could reach $1 million."
According to today's news, Japanese Prime Minister Sanae Takaichi is preparing an economic stimulus package expected to exceed last year's 13.9 trillion yen, to help households cope with inflation. Sources say the plan will focus on three main pillars: measures to combat inflation, investment in growth industries, and national security.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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