Analyst erklärt, dass der Rückgang des japanischen Yen bullisch für Bitcoin sein könnte, und zwar so
Bitcoin Analyst erklärt, dass der Rückgang des japanischen Yen bullisch für Bitcoin sein könnte, und zwar so Analyst erklärt, dass der Rückgang des japanischen Yen bullisch für Bitcoin sein könnte, und zwar so The global macro developments have sent jitters across the broader cryptocurrency market leading to increased volatility. In an interesting analysis, a Swan Bitcoin executive stated that a declining Japanese Yen could be a boon for Bitcoin, even if it ends up as a “disaster” for US Treasuries. Over the last 30 days, the Japanese Yen has lost 2.9% of its value with 1JPY currently having a value of 0.0064 USD. In an episode of Bitcoin Daily on Wednesday, May 8, Swan Bitcoin head of business Dante Cook explained: “This spells disaster for Japan and the US potentially, as Japan is the largest holder of US treasuries, only 4% of its forex reserves are in gold, the rest are almost exclusively in US Treasuries.” Cook stated that Japan has no option but to sell its US Treasury holdings in order to “prop up its currency” unless the US government comes up with backdoor liquidity or with a swap line agreement for the two central banks to exchange the currencies. He suggests that the sell-off could