Bitcoin Rebounds After Japan Rate Hike as Arthur Hayes Warns of Yen Weakness
$BTC Bitcoin is showing resilience, rebounding despite Japan’s rate hike—a move that initially pressured global risk assets. Markets appear to be looking past tighter Japanese policy, focusing instead on longer-term currency dynamics.
Arthur Hayes’ projection of the yen sliding toward 200 per dollar is adding fuel to the Bitcoin narrative as a hedge against fiat debasement. A structurally weaker yen could push Japanese and global capital toward alternative stores of value, including BTC.
Key Takeaway:
Short-term macro tightening hasn’t broken Bitcoin’s momentum. If yen weakness accelerates and liquidity expectations return, Bitcoin could continue to benefit as a macro hedge rather than just a risk asset.
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