BitMEX Exchange: BOJ Policy Shift Could Spark Bitcoin Rally, Says Arthur Hayes

Speculation is growing as the Bank of Japan prepares for its June monetary policy meeting, with market participants anticipating a potential return to quantitative easing. Such a MOVE could trigger a broad rally in risk assets, including cryptocurrencies.

Arthur Hayes, BitMEX co-founder and CIO of Maelstrom, argues that a BOJ pivot toward accommodation WOULD particularly benefit Bitcoin. "If the BOJ delays QT and restarts selected QE at its June meeting, risk assets are going to fly," Hayes stated. The cryptocurrency''s appeal as a hedge against financial instability grows amid Japan''s bond market tensions.

Recent economic data presents a complex picture for Japanese policymakers. While wholesale inflation slowed in May—recording its weakest pace since September—persistent price pressures in consumer categories suggest businesses continue passing costs to end users. This duality complicates the BOJ''s path forward.