The landlord turns hostile! The 30-year era of borrowing yen for free has ended, and the cryptocurrency speculators are crying in the toilet 🔥🔥🔥🔥$BTC
For the past 30 years, the Bank of Japan has been like a super stingy landlord, renting out the house (yen) to you with almost zero interest, even subsidizing utilities (negative interest rates). Global speculators borrowed money to crazily renovate next door (buying US stocks, trading cryptocurrencies, hoarding European real estate), thinking they had made it.
Now the landlord suddenly says: "Starting next month, rent will increase to 0.75%! Aren't you coming back to live here?!"
The speculators are collectively dumbfounded:
"What the heck, you should have said you were done earlier, who's going to pay me back for the renovation?!"
So they start smashing furniture to liquidate (selling off risky assets), crying as they move back (funds flowing back to Japan).
Crypto players are trembling in the corner:
"Hey guys, is the group that borrowed yen with 100 times leverage to go all-in on Bitcoin still around?"
The group is dead silent, only one last message remains:
"We're done, we're done, next time you borrow money to trade crypto, remember to watch the landlord's expression.
The result is:
The harshest thing in the world isn't the interest rate hike, it's — the person who once lent you money and dared you not to pay it back suddenly wanting to collect interest.
This wave, it's not an earthquake, it's the landlord turning hostile, scarier than an earthquake. 😂
