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Arthur Hayes Reviews Japan's Economic Policy: Will Drive Bitcoin to 200 Million Yen, Approximately $1.3 Million
BlockBeats News, October 30th, BitMEX co-founder Arthur Hayes stated: The Bank of Japan issued a memorable statement today, "Given the escalating domestic political uncertainties and the indication of global economic weakness due to the Federal Reserve's continued rate cuts, we believe it is best to maintain the current policy unchanged to further drive inflation (without specifically stating its measurement) to our 2% target." Translated, this means the price of Bitcoin will reach 200 million yen (approximately $1.3 million).
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