Swan Bitcoin executive: BTC could benefit from weaker yen

A senior executive at Swan Bitcoin stated that the depreciation of the Japanese yen could ultimately bring a "disaster" to US Treasury bonds, which in turn could benefit BTC as investors flock to alternative stores of value.

According to Google Finance data, as of the time of this article's publication, 1 Japanese yen is equivalent to 0.0064 US dollars, a decrease of 2.39% in the past 30 days.

Dante Cook, the business director of Swan Bitcoin, said that this could be a disaster for Japan and the United States, as Japan is the largest holder of US Treasury bonds and only 4% of its foreign exchange reserves are in gold, with almost all of the rest in US Treasury bonds.