Arthur Hayes Reviews Japan's New Economic Policy: Will Propel Bitcoin to $1 Million
BlockBeats News, October 22nd, Arthur Hayes commented on the news of "Japan Introducing Economic Package to Counter Inflation," stating, "This means printing money to distribute to people for food and energy cost subsidies. These cost increases are because they printed too much money before. It's crazy, but anyway: the Yen to 200, Bitcoin could rise to $1 million."
Today's news, Japanese Prime Minister Kishida Fumio is preparing an economic stimulus package, with the scale expected to surpass last year's 13.9 trillion yen to help families cope with inflation. Sources said the plan will focus on three main pillars: measures against inflation, investment in growth industries, and national security.
You may also like
Gainers
Latest Crypto News
Ethereum briefly drops below $2,800
In the past 1 hour, there has been a total of $153 million in liquidations across the entire network, with long positions being the primary contributors to the liquidation cascade.
Strategy establishes a $1.44 billion Dividend Reserve Fund to pay dividends and debt interest
Suspected "1011 Insider Whale" accumulated 77,385 ETH in the past 2 hours
Berenstein: Crypto Company Fundamentals "Remain Strong," Current Bear Market Decline Shows Fundamental Differences
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com