Axie co-founder Jihoz says yen and JGB stress highlights Bitcoin’s original purpose

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.