Bitcoin surged above $87,000 as the Bank of Japan hiked interest rates, sending the yen sliding and reigniting global macro volatility. According to Arthur Hayes, this policy shift could act as a catalyst that catapults Bitcoin to $1 million, as capital searches for an escape from unstable fiat systems.
On-chain data adds fuel to the thesis: Bitcoin's weekly RSI has fallen to its most oversold level since the $15K lows, historically a zone associated with major trend reversals. Meanwhile, cheap energy is quietly turning Libya into a Bitcoin mining hotspot, and lawmakers confirm the Crypto CLARITY Act is headed for Senate markup in January.
This episode breaks down why central bank policy shocks may accelerate Bitcoin's role as a global monetary hedge — and why some believe the path to seven figures is no longer theoretical.
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