price talk aside, bitcoin is useful because it has so many currency tradings, arguably more than all but USD.
therefore we can use it as a yardstick of the strength of other currencies over time.
so another way to look at this is japenese yen has performed worse than 17 other global currencies since '21 - and there are some real duds here.
another interesting thing to see is the real, peso, and franc have strengthened relative to the dollar. without even looking at the metrics, one can see the trade balances of brazil and mexico are particularly strong and those same dynamics working against japan.
#Bitcoin