Arthur Hayes Says Bank of Japan Might Restart QE and Ignite Bitcoin Rally

Wed Jun 11 2025
Arthur Hayes believes the Bank of Japan’s possible return to quantitative easing could trigger a surge in Bitcoin and other risk assets.

🧨 The BoJ Might Start Printing Again — Arthur Hayes Thinks Bitcoin’s About to Explode

From Tokyo to Twitter, the money printer may be warming up — and Arthur Hayes is already front-running the fireworks.


🧠 Japan’s About to Go Brrr?

When BitMEX co-founder and macro meme lord Arthur Hayes talks, crypto listens — especially when it sounds like “BoJ go brrr.”

Japan’s central bank — yes, the one that’s been allergic to interest rates since the ‘90s — is holding a big policy powwow on June 16–17. And rumor has it: the Bank of Japan might stop tightening and fire up the money hose again.

Translation? Quantitative Easing. Liquidity. Risk-on season. And yes — Bitcoin.


💸 QE: Central Bank Magic for Risk Assets

QE is when central banks basically say: “screw it, let’s buy bonds and pump the market.” It’s Wall Street’s version of Red Bull.

Japan’s been trying to do the opposite — cutting bond purchases by ¥400B each quarter since 2024. But now? Bloomberg says they might chill out and cut that to ¥200B (1.4B) starting in 2027.

That’s not just a pivot — it’s a wink to every asset with a pulse.


🏦 Bonds Are the New Ponzi — Bitcoin Isn’t

Remember when government bonds were “safe”? Yeah. About that.

According to Bitwise's André Dragos, Japan’s bond market is wobbling like a jello shot at a frat party — and institutions are eyeing Bitcoin as the grown-up alternative.

No counterparty. No debt ceiling drama. No default risk. Just code, scarcity, and memes.

While Japan fights inflation with vibes and stimulus déjà vu, Bitcoin’s sitting there like:

“Still here. Still decentralized. Still not your government.”


🚀 Hayes Sees a Macro Melt-Up

If the BoJ blinks and turns on the liquidity tap? It won’t just splash Japan — it could kick off a global rally in risk assets.

📈 More fiat → more YOLO 📲 More YOLO → more crypto 🧠 More crypto → more Arthur Hayes victory laps on X

Hayes believes this isn’t just a trade — it’s a moment. The kind of macro mood shift where Bitcoin flips from hedge to hero.


⚠️ But Wait — This Isn’t 2020

Let’s be real: we’re not in lockdowns and laser-eyes anymore.

  • The Fed’s still pretending to be hawkish
  • Global debt is doing cartwheels
  • Meme coin fatigue is real Still, when the third-biggest economy even thinks about easing, markets get thirsty.

And Bitcoin? It drinks first.


⚡ TL;DR

🧨 Arthur Hayes says the Bank of Japan might restart QE 💵 That means fresh liquidity — and a green light for risk assets 📉 Japan’s bonds are sketchy, Bitcoin is unbothered 🧠 Hayes thinks this could be the start of a major macro shift 🐂 If Japan prints, Bitcoin might just break out in style

No roadmap. No utility. Just vibes and a 1T asset waiting for the next liquidity wave.

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