The Bank of Japan (BOJ)'s upcoming monetary policy meeting, set for June 16–17, could be the next major catalyst for global risk assets, including stocks and cryptocurrencies like Bitcoin.
Arthur Hayes, co-founder of BitMEX, predicts a significant market “flight” if the BOJ decides to delay its current quantitative tightening (QT) plans and instead re-engage in selective quantitative easing (QE) at this meeting.
QE involves central banks pumping money into the economy, typically boosting asset prices. The BOJ had planned to cut bond purchases starting August 2024, but this June meeting is an interim review, creating a window for a policy shift.
Reports suggest officials are considering slowing the pace of these cuts.
This isn’t just speculation. Recent market behavior shows a strong link between Japan’s bond market and Bitcoin’s performance. Bitcoin hit $112,000 on May 22, just after Japanese 30-year bond yields peaked.
Experts like Bitwise’s André Dragosch suggest rising bond yields signal fiscal stress, prompting institutions to view Bitcoin as a “counterparty risk-free” hedge against sovereign default.
A more dovish BOJ stance could reinforce Bitcoin’s appeal, potentially driving it higher.
As Bitcoin continues its steady ascent in 2025, comparisons with the world’s largest assets are once again gaining traction.
Bitcoin is treading water near the $120,000 resistance, with persistent bids around $116,000 offering a firm base—but failing to ignite fresh upside momentum.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.