The Bank of Japan has confirmed an interest rate hike in December. The long-term low interest rates of the yen have made it the most popular borrowing product globally. What does this mean? Because the interest on the yen is extremely low, borrowing yen with collateral and then converting it into USD to invest in US stocks is where the largest hot money in US stocks comes from. Once the Bank of Japan raises interest rates, the cost of borrowing yen will increase, and the funds that previously borrowed yen to buy US stocks will need to cash out to repay the yen; otherwise, the interest rates will be too high, and the cost pressure will be too great. If the Bank of Japan raises interest rates, US stocks can only follow suit and decline. I declare that this is not my subjective prediction of the market, but rather the underlying logic of the correlation between the yen and US stocks. If US stocks decline, can Bitcoin still rise? What is Bitcoin? It is merely a secondary reservoir for the hot money from US stocks. If the big brother can't hold up, what results can we expect from little brother Bitcoin? $BTC #比特币行情观察