Japan’s new Prime Minister announced economic stimulus measures to combat inflation, potentially driving more capital into Bitcoin. BitMEX co-founder Arthur Hayes sees this as a precursor to more money printing by the central bank, possibly pushing Bitcoin to $1 million.

The yen fell to a one-week low as Japan’s first female prime minister took office, raising mixed signals for the country’s interest rate decision. Takaichi’s pro-stimulus stance reignites hopes for a QE pivot by the Bank of Japan, with analysts expecting a 0.75% interest rate hike by early 2026.

Whales are showing renewed interest in Bitcoin, with three large investors initiating leveraged long positions totaling tens of millions of dollars on Hyperliquid. Notably, whale wallet “0x3fce” increased his Bitcoin long position to $49.7 million, while “0x89AB” opened a 6x leveraged long position worth $14 million.

Read more at CoinTelegraph: Bitcoin To $1M As New Japan PM Orders Economic Stimulus: Arthur Hayes