Arthur Hayes, co-founder of Bitmex, has suggested that the recent decline of the Japanese yen could trigger a significant Bitcoin bull run. The yen recently hit a 10-month low against the U.S. dollar, prompting speculation about potential interventions to stabilize the currency. Hayes believes such actions could serve as a catalyst for Bitcoin, potentially driving its price to $1 million or more. Hayes also noted that the Federal Reserve might intervene to support the yen, which could alleviate pressure on U.S. industries and affect the dollar's status as a global reserve currency. He anticipates that these developments could create favorable conditions for Bitcoin price increases by 2026.