According to Odaily Planet Daily, BitMEX co-founder Arthur Hayes expressed sharp views on the recent interest rate hike stance of the Bank of Japan. He pointed out that Japan has maintained negative real interest rates for a long time, which is essentially 'an open secret', and that raising interest rates is unlikely to reverse the ongoing pressure on the currency.
Based on this judgment, Hayes further predicts that the Japanese yen may continue to weaken against the US dollar, potentially dropping to the 200 level in extreme cases. Meanwhile, he believes that changes in the global liquidity environment will provide strong support for crypto assets, with Bitcoin having the potential to rise to 1 million dollars in the medium to long term.
