Analyst: Metaplanet Has Yen Advantage Compared to US Bitcoin Treasury Companies
ChainCatcher news, according to Cointelegraph, bitcoin analyst Adam Livingston pointed out that bitcoin treasury company Metaplanet may gain a financial advantage due to the structural weakness of the yen. Japan's debt-to-GDP ratio is about 250%, leading to a continuous weakening of the yen. Since 2020, bitcoin has appreciated by approximately 1,159% against the US dollar, but by as much as 1,704% against the yen.
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