Axie Infinity co-founder Jihoz said in a post that easier access to funding is only part of the picture for the current market trend. He added that the move also appears to be driven by problems surrounding the Japanese yen and Japan’s government bond market. Jihoz said those pressures are a reminder of a core point behind Bitcoin’s creation: flaws in fiat currency and debt-based financial systems were among the key reasons the asset was created in the first place. The comments frame the current discussion around Bitcoin in macro terms rather than as a market move driven by a single factor.
Axie Infinity co-founder Jihoz said in a post that easier access to funding is one part of the story, but the current trend also appears to be influenced by problems in the Japanese yen and Japan’s government bond market.
Jihoz added that market participants should remember that problems tied to fiat currency and debt systems were among the important reasons Bitcoin was originally created.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
