NY-Based VC Explains Why a Rising Japanese Yen Is Causing Risk Assets Including Crypto to Crash

Earlier today, Jonathan Wu, an investor at Asylum Ventures, a $55 million early-stage venture fund based in Brooklyn, New York, posted on the social media platform a thread on the cryptocurrency market’s ongoing crash. Wu began his explanation by addressing the fundamentals of carry trading, a strategy where investors borrow money at low-interest rates in […] source: https://www.cryptoglobe.com/latest/2024/08/ny-based-vc-explains-why-a-rising-japanese-yen-is-causing-risk-assets-including-crypto-to-crash/