How does the BOJ's stance on interest rates affect the value of digital currencies?

1 answers

• Steven RiversAug 13, 2024 · 10 months ago
  As a leading digital currency exchange, BYDFi closely monitors the BOJ's stance on interest rates. We have observed that when the BOJ raises interest rates, it often leads to a short-term decrease in the value of digital currencies. However, over the long term, the impact of interest rate changes on digital currencies is complex and influenced by various factors. It's important for investors to consider the broader economic and market conditions when assessing the impact of the BOJ's stance on interest rates on digital currencies.
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