Japan’s agreement to the terms of the U.S. trade deal signals a deeper economic crisis, with Bitcoin (CRYPTO: BTC) emerging as a potential beneficiary of the chaos, The Kobeissi Letter said on Wednesday.
What happened: In an X post, the capital markets commentator implied that Japan accepted an unfavorable deal involving a $550 billion investment in the U.S., with the latter receiving 90% of the profits.
“In order to agree to this ‘deal,’ Japan’s economy must be far worse than most people expect,” The Kobeissi Letter stated. “Japan is desperate.”