Japan's collapsing yen drives companies toward bitcoin and XRP

Hedge funds have turned their most bearish on the Japanese yen since 2017, with bets on further losses reaching nearly 138,000 contracts as of 30 June. In response, Japanese companies are increasingly allocating capital to cryptocurrencies such as bitcoin and XRP as a hedge against the weakening yen. The trend signals a growing role for crypto assets as a refuge from depreciating fiat currencies.