A Risk Factor for Bitcoin from Japan: It Broke Records, It Could Apply Pressure! - Coin Bulletin

The rise of Japan's 30-year government bond yields to the highest level in the last 20 years has created unease in global markets, while Bitcoin (BTC) has also become a new risk factor for investors.

According to the data announced on April 15, 2025, the yield on 30-year Japanese bonds rose to %2.88, reaching its highest level since 2004. This increase, which showed a rise of 60 basis points in just one week, could lead Japanese investment funds to reduce their risky investments abroad and bring capital back to the country.

According to experts, this situation could indirectly put pressure on Bitcoin prices. Japan is the largest foreign holder of US Treasury bonds and has been a player supporting global risk appetite with a low interest rate environment for many years. However, rising yield rates may cause investors to exit US bonds and risky assets.

BCA Research's chief strategist Garry Evans stated, "Japan has the largest international investment position in the world. If this capital returns to Japan, it would be negative for global markets".

Bitcoin attracted attention last week by losing less value compared to major indices like Nasdaq and S&P 500 during the trade tensions between the US and China. However, experts point out that BTC has been in a downtrend since February and that such macroeconomic developments could have an impact on pricing.