Bessent Says 'I Am the House Now' On the Yen: Is Bitcoin at Risk?
Scott Bessent warns traders against betting on yen weakness as hedge funds position for a stronger yen and Bitcoin faces carry trade risks.
A financial leader is warning traders not to bet against Japan's money getting stronger, because big investors are preparing for that to happen. This matters because if Japan's money suddenly gets stronger, it could shake up Bitcoin and other investments that borrowed money to buy cryptocurrencies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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