Arthur Hayes comments on Japan's new economic policy: it will drive Bitcoin to rise to 1 million dollars.

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On October 22, Arthur Hayes commented on the news that “Japan is launching an economic plan to address inflation,” stating, “This means printing money and distributing it to people for food and energy cost subsidies. These costs are rising because too much money was printed before. It's crazy, but anyway: the yen rises to 200, and Bitcoin might rise to $1 million.” Today's news reports that Japanese Prime Minister Sanae Takaichi is preparing economic stimulus measures, expected to exceed last year's ¥13.9 trillion, to help families cope with inflation. Sources say the plan will revolve around three main pillars: measures to combat inflation, investments in growth industries, and national security.

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