Metaplanet share price rally looks unstoppable at the moment, with US-listed MTPLF stock shooting 108% on Wednesday, in a massive “short squeeze” amid the instability in Japan’s bond market. In the last five trading sessions on the Tokyo Stock Exchange, the Bitcoin holding firm has clocked 80% gains, as Bitcoin price inches to fresh all-time highs at $111,861. Metaplanet Share Outperforms Amid Japan’s Bond Crisis The yield on Japan’s 30-year Japanese government bonds (JGB) surged to an unprecedented 3.14%, while the 40-year yield climbed to a staggering 3.6%, marking all-time highs. With the Bank of Japan focusing much on bond monetization, analysts have warned about the government’s towering debt-to-GDP ratio of 250%. As the investor confidence in JGBs sink, investors are dumping yen-denominated assets and looking for alternative assets with no links to bank policies. Interestingly, Bitcoin holding firm Metaplanet has emerged as a strong refuge to this. Metaplanet Becoming… Read More at Coingape.com
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