CoinDesk·4 min read·medium
Japan's 'invest locally' plan likely to spur demand for assets like bitcoin, gold
O
Omkar Godbole
✦AI Summary
The Japanese government is pushing its massive pension fund to increase domestic investments to combat high debt levels and inflation. Analysts suggest this shift toward state-directed capitalism may drive investors toward limited-supply assets like Bitcoin and gold as a hedge against currency devaluation.
Japanese Finance Minister Satsuki Katayama said something early Friday that strengthened the long-term bullish case for perceived store-of-value, limited-supply assets like bitcoin BTC $ 64,341.17 and gold, but not without potential short-term pain.
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