With the yen strengthening, today’s drop in yen-denominated #Bitcoin prices is larger. But not too long ago, we were talking about levels like $50,000 or 8 million yen. In #Bitcoin terms, both the dollar and the yen are depreciating. If you only think in terms of #USDJPY exchange rates, you might miss the bigger picture of fiat currencies losing value overall.

#BTC

nostr:nevent1qqs8vru6gw7efpd6qgndqedytwxswurta6tvzy4n2kls38qp94q6sqgpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqgqyj4xq