The Bank of Japan Keeps Interest Rates Steady, Cryptocurrency is Set to Soar
There are movements in Japan!
On December 19, the Bank of Japan announced that interest rates would remain unchanged, with the short-term interest rate still at 0.25%. This marks the third consecutive time they have done this, as it was the same in September and October. Following this news, the yen fell to 155, and everyone started looking for other investments, with Bitcoin becoming a hot commodity.
Indeed, on December 19, the Bank of Japan decided again to keep interest rates unchanged, with the short-term policy rate still at 0.25%. Out of nine committee members, eight were in favor, with only Naoki Tamura wanting to raise rates by 0.5%, but this was rejected due to inflation concerns.
Everyone is aware of this situation; the Bank of Japan is also cautious due to the uncertainty surrounding Trump's economic plans, hence they do not dare to act rashly. As the yen exchange rate drops, everyone is exploring other avenues.
What did the Bank of Japan Governor say?
Bank of Japan Governor Kazuo Ueda held a meeting and spoke some straightforward words. He mentioned that the current real interest rate is still low, and if the economy and prices follow their predictions, there might be a rate hike in the future. He also indicated that before changing policies, they need to closely examine economic data, especially regarding wages, as wage discussions are imminent.
Let’s take a look at other things: If the Federal Reserve cuts interest rates, can XRP and Bitcoin benefit from it?
Returning to cryptocurrency, with the Bank of Japan keeping interest rates steady, people may look towards cryptocurrencies. Traditional savings and bonds are yielding less, making assets like Bitcoin popular.
Bitcoin has now risen to $108,000, with a market capitalization of $2.2 trillion, and it is expected to rise further, becoming a good hedge against inflation.
The next strategic direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, with an expected growth space of over 10 times being quite feasible. If you want to make big money in a bull market, like + leave a message, and I will help you navigate the entire bull market!
