Bitcoin poised for growth as Japanese Yen hits record low

, founder of BitMEX exchange, expressed optimism about the weakening Japanese Yen , seeing it as a potential catalyst to inject liquidity and boostFast forward, as of 26th June, the JPY reached its lowest point against the U.S. dollar, marking the lowest in nearly 38 years. This prompted speculation about potential interventions by authorities in the currency markets.

“Is Japan printing Yen to secretly buy #bitcoin? If so it would be the smartest move in the history of Japan. If not they will become a third world country really soon.” “Over the last 12.5 years, the Japanese #Yen has lost a whopping 53% of its value against the US Dollar!”This caused a lot of ripple effects within the financial community as highlighted by ZeroHedge, who commented with a touch of sarcasm, and stated,But despite this Hayes sees that a weakening Yen might trigger competitive currency actions among major economies, such as Japan and China, potentially leading to currency devaluations and increased liquidity injections .

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