Right, so the Bank of Japan (BOJ) – those folks who seem to spend more time fiddling with the economy than actually, you know, running it – are having another pow-wow in June. Apparently, this could be the moment when things either go spectacularly right or hilariously wrong for global markets, including that digital goldmine, Bitcoin. 💰
Mark your calendars, folks! June 16–17 is when the BOJ will decide whether to keep tinkering or unleash economic chaos. I mean, make a carefully considered decision about interest rates. 🧐
Arthur Hayes, a chap who knows a thing or two about crypto-shenanigans (he co-founded BitMEX), reckons that if the BOJ decides to go all-in on quantitative easing (QE), Bitcoin (BTC) and other “risk assets” (code for “things that might make you rich or bankrupt you”) could go bonkers. 🤪
Hayes, in a moment of profound insight on X (formerly Twitter, still a cesspool), declared that if the BOJ delays quantitative tightening (QT) and restarts QE at its June meeting, “risk assets are going to fly.” Fly where? Probably straight into the sun, knowing our luck. 🔥
For those of you not fluent in central bank gibberish, QE is when central banks start buying bonds and basically printing money to lower interest rates and encourage everyone to spend like drunken sailors. It’s like giving the economy a shot of espresso when it’s already jittery. ☕
Back in July 2024, the BOJ, in its infinite wisdom, decided to cut government bond purchases by 400 billion yen per quarter. Now, they’re having a little “assessment period” at the June meeting, which sounds suspiciously like they’re about to change their minds. 🙄
Rumor has it that BOJ officials are considering making even smaller reductions to their bond-buying habits, maybe from 400 billion to a measly 200 billion yen per quarter, starting in 2027. Because, you know, that’s not confusing at all. 😵💫
Japanese Bond Market Crisis Was the Catalyst for Bitcoin’s $112,000 High
Apparently, Bitcoin hit a whopping $112,000 on May 22, just two days after Japanese bond yields reached a new high. Coincidence? I think not! (Probably is.) 🤔
André Dragosch, a head of European research at Bitwise, claims that the bond market drama made institutions think Bitcoin might be a good way to protect themselves from sovereign default. You know, just in case Japan decides to go belly up. 🤷
Dragosch, in a moment of wild speculation, told CryptoMoon that if default risk keeps rising, Bitcoin could be heading toward $200,000. He also added that Bitcoin is “free from counterparty risk,” which sounds great until you realize it’s also free from any actual value. 🤡
Government bonds are usually seen as safe, but when their yields start climbing, it means investors are getting nervous about whether the government can actually pay its bills. It’s like when your credit card company starts calling you every five minutes. 😬
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2025-06-10 13:58