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Arthur Hayes comments on Japan's economic policy: it will drive Bitcoin to 200 million yen, approximately 1.3 million dollars.
On October 30, CEX co-founder Arthur Hayes stated: The Bank of Japan issued a notable statement today, “Given the increasing uncertainty in domestic political conditions and the global economic weakness indicated by the Fed's ongoing interest rate cuts, we believe it is best to maintain the current policy unchanged in order to further promote inflation (specific measurement indicators not detailed) to reach our 2% target.” Translated, this means that the price of Bitcoin will reach 200 million yen (approximately 1.3 million USD).