#USCryptoStakingTaxReview #JapanEconomy
Friday after the Bank of Japan raised interest rates to their highest level in 30 years.
Key points:
Bitcoin tracks US stock futures to rise, in a curiously positive reaction to the Japanese interest rate hike.
Commentators argue that further increases are unlikely due to economic factors.
Bitcoin continues to form a bottom over longer time periods.
Arthur Hayes observes the price of BTC and the surge in the yen.
“Don’t fight the BOJ: negative real rates are explicit policy,” Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, told followers on X.
“$JPY at 200, and $BTC at one million.”
Source:tradingview.com
If it's trueIf true, it will make many millionaires in the altcoin season.
