Analyst: Japan's worsening debt crisis could be a boon for crypto

Japan's deepening debt crisis could drive investors toward risk assets like cryptocurrencies, CoinDesk reported. Robin Brooks, a senior fellow at the Brookings Institution, explained that the country's debt-to-GDP ratio has soared to around 240%, a level approaching a potential debt crisis. He noted that the situation is being exacerbated by rising inflation and bond yields. As concerns over debt risk grow, Brooks suggested that investors are likely to turn to alternative financial instruments such as cryptocurrencies, particularly stablecoins.