Bitcoin Trades at Discount in Japanese Yen Markets

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Thus, the absence of premium in the BTC/JPY market is not surprising – more so as the yen is a G-7 currency and a far stronger unit than Ukraine’s hryvnia, considering it is backed by forex reserves of $1.38 trillion, the second largest in the world. Further, according to Kobayashi, crypto forms a small portion of an average Japanese investor’s portfolio.



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