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.