US Treasury Secretary Bessent Urges Japan to Raise Interest Rates, Bitcoin's Fixed Monetary Policy Draws Attention

Odaily News: According to reports, US Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights the vulnerability of traditional monetary policy to government and external factors. In contrast, Bitcoin's monetary policy is predetermined by code, with new coin issuance following a fixed schedule, halving approximately every four years, offering higher predictability. Bitcoin will still struggle to escape the impact of traditional financial markets in the short term. If Japan raises interest rates and drives a rapid appreciation of the yen, long-accumulated low-interest yen carry trades may be unwound, triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical side, BTC's 50-day moving average is rising and approaching a crossover above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the golden cross as a standalone indicator has historically been unstable in its predictive performance.