Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Swan Bitcoin Executive: BTC may benefit from the depreciation of the Japanese yen

Swan Bitcoin Executive: BTC may benefit from the depreciation of the Japanese yen

Bitget2024/05/09 04:05

A senior executive at Swan Bitcoin stated that the depreciation of the yen could ultimately lead to a "disaster" for U.S. Treasury bonds, which in turn could benefit BTC as investors flock to other means of value storage. According to Google Finance data, as of this article's publication, 1 yen is equivalent to $0.0064 and has fallen by 2.39% in the past 30 days. Dante Cook, Business Manager at Swan Bitcoin, said that this could be a disaster for both Japan and the United States because Japan is the largest holder of U.S. Treasury bonds with only 4% of its foreign exchange reserves being gold while almost all remaining are U.S treasury bonds.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!