Watch Out! Japan’s Yields Hijack Markets & Bitcoin! 🚀

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What to know:

  • Hold onto your sushi! Bitcoin‘s recent antics are more buddy-buddy with Japan’s 30-year bond yields than with the Nasdaq — yes, the NASDAQ! Who knew bonds could be the new rock stars? 🎸
  • Japan’s surging JGB yields are like the puppet master pulling the strings on U.S. Treasury yields. Sorry Washington, Japan’s running the show now — and no, it’s not just a coincidence! 🎭

Meet Weston Nakamura, the macro maven with glasses thicker than his lesson plans, founder of Across The Spread. He’s shouting from the mountains of Asia that Japan’s bond market is the new kingpin, folks. And guess what? Bitcoin is acting like a 30-year JGB superfan, not a tech stock. 🤑

Yes, ladies and gentlemen, Bitcoin is now more into Japanese bonds than American stocks! It’s like your uncle at a buffet—diverted by something shiny from across the room, and suddenly, everything else takes a backseat—even the Nasdaq! 🎣

Nakamura points out that in 2024, Bitcoin had tiny tantrums during U.S. ETF launches and Trump’s re-election, but the real story? It’s following Japan’s long-term bond yields like a puppy chasing a fire truck. And who’s to blame? Japan! 🇯🇵

Oh, and did I mention? U.S. Treasury official Scott Bessent spilled the beans—it’s Japan, not domestic chaos, that’s pulling the strings on UST yields. Looks like those yen-loving plotters are secretly pulling the puppet show! 🎭

So, if U.S. policy is now dancing to the tune of the 10-year Treasury yield—and that yield is getting its marching orders from Japanese bond markets—then Japan may secretly be the boss of the global economy. Shhh… don’t tell Uncle Sam! 🤫

Nakamura says JGBs are now the center of everything: crypto, stocks, forex, even gold! Yep, Japan’s bonds are the new Big Brother, watching everyone. So, investors, grab your monocles and keep a close eye on Japan, or you’ll miss the biggest macro plot twist since the invention of sliced bread! 🥖

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2025-06-02 15:04