👀 Bitcoin could rise to $200,000 due to the crisis in the Japanese bond market
The yield on 30-year Japanese government bonds reached ATH - 3.185%. Some investors are worried about Japan's large government debt (250% of GDP) and are afraid of default, which could push them to buy BTC.
Bitwise believes that if the trend of inflows into ETFs and accumulation of BTC continues, Bitcoin will rise to $200k.
We have nothing against Japan, but if a default is needed for BTC to grow... 😇
