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CZ & Kiyosaki: Buy Crypto Amidst Market Fear
30 Nov
Summary
- Billionaires CZ and Kiyosaki advise buying assets during market fear.
- Japan's long-standing carry trade, a key inflation driver, is collapsing.
- Bitcoin's internal metrics suggest a 'quiet equilibrium' and accumulation zone.
Two prominent voices in global finance, Binance founder Changpeng Zhao (CZ) and author Robert Kiyosaki, are urging investors to consider buying assets amidst current market unease. They suggest that accumulating assets when fear is at its highest is more prudent than chasing rallies driven by greed. This sentiment aligns with a market currently experiencing significant shifts.
The underlying cause for concern and opportunity is the unraveling of Japan's carry trade. For thirty years, this mechanism utilized cheap yen to fuel investments in global risk assets. However, the Bank of Japan’s recent rate hikes have increased borrowing costs, destabilizing this long-standing financial structure and potentially forcing liquidations.
Despite these global financial tremors, Bitcoin's internal metrics, such as Net Realized Profit and Loss, are returning to equilibrium. Analysts interpret this as a sign of diminishing forced selling and the onset of a stable phase, indicating that current price levels may represent an accumulation territory for investors.
