The U.S. pressures Japan into raising rates! Bitcoin’s biggest test is here
The U.S. Treasury directly pressures Japan to raise interest rates, and market odds for a rate hike on September 18 have surged to 92%.
Does this have anything to do with Bitcoin? It has a lot to do with it.
Two layers of logic: The bullish case is that the U.S. itself has effectively proven “fiat currency is just a toy for politicians”—they can print when they want, and raise rates whenever they want. Bitcoin’s four-year halving, however, is unshakable; that fixed monetary policy narrative has been officially validated.
But don’t get too excited too soon. The yen is the heavyweight champion of global carry trades. Once a rate hike pushes the yen higher, leveraged funds that borrowed yen to buy Bitcoin will be forced to close positions and repay. Just remember the selloff in August 2024—history could very well rhyme.
To be honest—there’s nothing wrong with the long-term narrative, but don’t fight the macro on the short-term. If Bitcoin is hovering around the 78,000 area, wait for Japan’s “shoe” to drop.
Want to know, if this really does drop, what level you could buy at? Come to the chatroom to find Tang Seng—I’ll share my exclusive support levels.$BTC $ETH #日本10年期国债收益率首触3%
The U.S. Treasury directly pressures Japan to raise interest rates, and market odds for a rate hike on September 18 have surged to 92%.
Does this have anything to do with Bitcoin? It has a lot to do with it.
Two layers of logic: The bullish case is that the U.S. itself has effectively proven “fiat currency is just a toy for politicians”—they can print when they want, and raise rates whenever they want. Bitcoin’s four-year halving, however, is unshakable; that fixed monetary policy narrative has been officially validated.
But don’t get too excited too soon. The yen is the heavyweight champion of global carry trades. Once a rate hike pushes the yen higher, leveraged funds that borrowed yen to buy Bitcoin will be forced to close positions and repay. Just remember the selloff in August 2024—history could very well rhyme.
To be honest—there’s nothing wrong with the long-term narrative, but don’t fight the macro on the short-term. If Bitcoin is hovering around the 78,000 area, wait for Japan’s “shoe” to drop.
Want to know, if this really does drop, what level you could buy at? Come to the chatroom to find Tang Seng—I’ll share my exclusive support levels.$BTC $ETH #日本10年期国债收益率首触3%
