Arthur Hayes's scathing critique of Japan's interest rate hike: The yen-dollar exchange rate will further decline, and Bitcoin is poised to rise to $1 million.

Odaily Planet Daily reports that Arthur Hayes commented on Japan's interest rate policy in an article stating: "Don't go against the Bank of Japan: negative real interest rates are their open secret policy."

The Japanese yen will fall to 200 against the US dollar ($JPY), and Bitcoin will rise to one million US dollars.