Why the Bank of Japan Is So Critical for Bitcoin

Photo by BeInCrypto Bitcoin traders often focus on the US Federal Reserve. However, the Bank of Japan (BoJ) can be just as important for crypto markets. That’s because Japan plays a unique role in global liquidity. When that liquidity tightens, Bitcoin often drops hard. The ‘Cheap Yen’ is Bitcoin’s Hidden Liquidity Engine For decades, Japan maintained near-zero or negative interest rates. That made the yen one of the cheapest currencies in the world to borrow. This gave rise to the yen carry trade. Lar ...