Japan's Interest Rate Hike: Yen to Plummet, Bitcoin to Soar to $1 Million.
AI Summary1 min read
TL;DR
Finance expert Arthur Hayes predicts Japan's interest rate policy will weaken the yen to 200 per dollar and boost Bitcoin to $1 million, advising not to oppose the Bank of Japan's strategy.
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BitcoinJapan interest rateyen depreciationBitcoin forecastArthur HayesBank of Japan
Arthur Hayes, a finance expert with experience at Bloomberg, believes that Japan's interest rate policy will lead to a weaker yen and a stronger Bitcoin. He forecasts the yen to drop to 200 against the dollar and Bitcoin to rise to $1 million. Hayes advises not to "fight the Bank of Japan" and notes that negative real rates are their "trump card."
