Are there any correlations between the housing market in Japan and the performance of digital currencies?

1 answers

• Nov 23, 2021 · 3 years ago
  From our analysis at BYDFi, we have observed a correlation between the housing market in Japan and the performance of digital currencies. When the housing market in Japan is thriving, it often leads to increased wealth and disposable income among individuals, which can then be invested in digital currencies. This influx of capital can drive up the value of digital currencies and contribute to their overall performance. However, it's worth noting that the correlation is not always direct or immediate, as there are various other factors at play in the digital currency market. Therefore, while the housing market in Japan can have an impact on digital currencies, it is just one piece of the puzzle.
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