The biggest charm of the DeFi world is that everyone has the potential to become a "whale". But even "whales" cannot be too stubborn. Although they eat meat, they also have times when they are "beaten". Therefore, when playing on the chain, safety comes first.
JinseFinanceMetaplanet, a Japanese listed company, announced that due to the high level of government debt, long-term negative real interest rates and the depreciation of the yen, Metaplanet will use Bitcoin as its company's strategic reserve asset in response to Japan's severe economic situation.
JinseFinanceCryptocurrencies, the economic safe-haven asset, have had a poor week. But bitcoin holders are taking a longer-term view.
JinseFinanceBitcoin can indeed be a useful hedge in certain situations, with periods of high geopolitical tensions and market uncertainty where it moves inversely to its benchmark.
JinseFinanceBill Ackman, a well-known hedge fund manager, recently stated that he believes that the price of Bitcoin is likely to rise significantly, a major change from his previous stance.
JinseFinanceCentral banks may shift their international reserve holdings in order to protect themselves ex-ante against the risk of financial sanctions by fiat reserve currency issuers.
Matthew Ferranti