PANews 12月19日消息，Arthur Hayes 点评日本加息政策表示：“别跟日本央行对着干：负实际利率就是他们的明牌政策。日元兑美元会跌到 200，比特币会涨到一百万美元。”

<p>PANews 12月19日消息，Arthur Hayes 点评日本加息政策表示：“别跟日本央行对着干：负实际利率就是他们的明牌政策。日元兑美元会跌到 200，比特币会涨到一百万美元。”</p>

Arthur Hayes：日本央行的明牌政策是负实际利率，比特币有望涨到百万美元

PANews reported on December 19 that Arthur Hayes commented on Japan's interest rate policy, saying, "Don't go against the Bank of Japan: negative real interest rates are their open secret. The yen will fall to 200 against the dollar, and Bitcoin will rise to one million dollars."

<p>PANews reported on December 19 that Arthur Hayes commented on Japan&#39;s interest rate policy, saying, &quot;Don&#39;t go against the Bank of Japan: negative real interest rates are their open secret. The yen will fall to 200 against the dollar, and Bitcoin will rise to one million dollars.&quot;</p>

Arthur Hayes: The Bank of Japan's overt policy is negative real interest rates; Bitcoin could potentially reach millions of dollars.

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
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Galaxy: 26 Predictions for the Crypto Market in 2026

This article is from Kyle Crypto Hunt.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
Editor's Note: Arthur Hayes, the legendary market predictor, co-founder of BitMEX, is at it again, offering his predictions. In today's episode of the Kyle Crypto Hunt podcast, Hayes discusses macroeconomic liquidity changes, market trends, his personal positions, and trading strategies...