Bitcoin’s Mysterious Connection to Japanese Bonds: Is It Decoupling from Tech Stocks?

New research has revealed a fascinating development in the cryptocurrency market – Bitcoin may be increasingly influenced by Japan’s bond yields. Analyst Weston Nakamura highlights that Bitcoin’s price movements have shown a stronger correlation with 30-year JGB yields than with the Nasdaq, challenging the long-held view of Bitcoin as merely a tech stock proxy. This unexpected shift raises intriguing questions about the future of Bitcoin and its relationship to traditional financial markets.