Arthur Hayes Predicts Bitcoin Surge with Potential Resumption of BOJ's Quantitative Easing

The Bank of Japan (BOJ) is scheduled to hold a monetary policy meeting from the 16th to the 17th, during which BitMEX co-founder Arthur Hayes has predicted that a return to quantitative easing (QE) could significantly boost the cryptocurrency market. On the 10th, BOJ Governor Kazuo Ueda stated in the House of Councillors' Financial Affairs Committee that there is still 'a bit of a distance' to the inflation target of 2%. The Governor indicated that the current policy interest rate of 0.5% offers limited scope for economic stimulus, suggesting a stance of maintaining the status quo. Additionally, market participants interpret the Governor's remarks as indicating a lack of enthusiasm for rate hikes.