The Bank of Japan is considering a return to quantitative easing (QE) policy, which could serve as a powerful impetus for the growth of Bitcoin and other risk assets in the global market.
This is reported by Бізнес • Медіа
Japan’s Monetary Policy and Its Impact on the Cryptocurrency Market
Arthur Hayes, co-founder of the BitMEX exchange and Chief Investment Officer of Maelstrom, stated that the Bank of Japan’s meeting scheduled for June 16-17, 2025, could be a pivotal moment for the cryptocurrency market. If the regulator decides to resume its asset purchase program through QE, it could trigger a new wave of growth for Bitcoin.
“If the Bank of Japan postpones quantitative tightening (QT) and reinstates selective QE at the June meeting — risk assets will soar,” Hayes wrote.
Quantitative easing (QE) is a strategy in which a central bank buys government bonds, injecting liquidity into the financial system to lower interest rates and stimulate the economy during periods of financial strain.
Since August 2024, the Bank of Japan has been implementing a quantitative tightening (QT) plan, anticipating a gradual reduction in government bond purchases by 400 billion yen each quarter. However, reports indicate that the regulator is now considering slowing this process — reducing purchases by 200 billion yen (approximately $1.4 billion) starting in April 2027.
Bitcoin as a Safe-Haven Asset During Debt Crisis
Andrei Dragosh, Head of European Research at Bitwise, believes that the current crisis in the Japanese government bond market has sparked increased interest from institutional investors in Bitcoin as a hedge against sovereign debt risks. He emphasizes that rising default risks and increasing bond yields are signs of concern regarding the country’s financial stability. According to the expert, this could be one of the key factors driving Bitcoin’s value to $200,000.
Traditionally, government bonds have been considered a “safe haven,” but the rapid rise in their yields indicates growing risks and uncertainty about the Japanese government’s ability to service its debt obligations.
In light of these macroeconomic events, the Bank of Japan’s decision to return to QE policy as early as June could not only impact the Japanese financial market but also act as a catalyst for global cryptocurrency growth, particularly for Bitcoin.
At the time of preparing this material, Bitcoin is trading at $108,736 according to TradingView.
Previously, Arthur Hayes had already predicted that by the end of 2025, the price of Bitcoin could reach $250,000, which could also trigger a new altcoin season in the cryptocurrency market.