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Benzinga
Benzinga
Business
Aniket Verma

Japan Accepting Trump Trade Deal A Sign Of Desperation? Market Commentator Says Bitcoin And Gold Have Known This For A 'Long Time'

Economy,Of,Japan.,Tokyo,Stock,Exchange.,Japan,Flag,Near,Financial

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.

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