“As the yen continues to weaken, Bitcoin offers a non-sovereign store of value that has, and may continue, to appreciate against traditional fiat currencies,” Metaplanet said, adding that BOJ’s strategy of keeping rates low while intervening in the FX markets represents an “unsustainable monetary paradox.”
Related posts
-
Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in... -
Will Bitcoin Have A ‘Red Monday, Green Week’?
Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic... -
Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as an approved payment method...