These Economic Forces Could Help Lift Bitcoin Higher

Key Points

1. Japan’s 30-year bond yields rose to 3.2% on July 15, erasing an estimated 45% of their value since 2019.

2. Japan’s debt-to-GDP ratio has reached 235%, with the Bank of Japan facing $198 billion in unrealized losses.

3. Global government bond market liquidity is at a record low, below 2008 levels, driving investors toward Bitcoin and gold.

4. Bitcoin and Ethereum spot ETF inflows have surpassed $3 billion and $1 billion, respectively, amid high interest rates and fiscal uncertainty.

5. Bitcoin’s price has dipped over 5% from its July 14 record of $123,300, with $300 million in long positions liquidated in the past 12 hours.