$BTC
The Bank of Japan's call tomorrow to bump interest rates up to 1.25% makes it the highest it’s been in over thirty years, innit! This bit of news could proper tank Bitcoin and the rest of them crypto coins
Main reasons for the potential drop, mate:
Unwinding them Yen carry trades—folks borrow cheap Yen to throw into high-risk gear like crypto
Higher rates mean borrowing costs a fortune, forcing 'em to dump their holdings double-fast
The Yen getting proper strong, making Dollar assets look rubbish and squeezing money out of the global market
Money shifting straight into safer, proper traditional assets as returns go up, steering well clear of gamble-style assets
A right load of uncertainty across the markets, driving investors to play it safe and pull their money back
These things have proper battered crypto in the past, and now it's happening all over again, simple as
$ETH
$SOL
#Japan #CryptoPatience
The Bank of Japan's call tomorrow to bump interest rates up to 1.25% makes it the highest it’s been in over thirty years, innit! This bit of news could proper tank Bitcoin and the rest of them crypto coins
Main reasons for the potential drop, mate:
Unwinding them Yen carry trades—folks borrow cheap Yen to throw into high-risk gear like crypto
Higher rates mean borrowing costs a fortune, forcing 'em to dump their holdings double-fast
The Yen getting proper strong, making Dollar assets look rubbish and squeezing money out of the global market
Money shifting straight into safer, proper traditional assets as returns go up, steering well clear of gamble-style assets
A right load of uncertainty across the markets, driving investors to play it safe and pull their money back
These things have proper battered crypto in the past, and now it's happening all over again, simple as
$ETH
$SOL
#Japan #CryptoPatience
