An executive from Swan Bitcoin predicts that the weakening Japanese yen may impact U.S. treasuries, driving investors towards Bitcoin as an alternative asset. Currently, 1 JPY equals 0.0064 USD, indicating a decline of 2.39% in the last month.

In this scenario, Japan, as the largest holder of U.S. treasuries, faces potential repercussions due to the devaluation of the yen. If not intervened by the U.S. government, Japan might be compelled to sell off its U.S. treasuries to stabilize its currency. This could lead to increased liquidity in the market, favoring Bitcoin's performance.

Furthermore, Bitcoin has already seen substantial institutional investments following the approval of 11 spot Bitcoin ETFs by the U.S. Securities and Exchange Commission. These ETFs have garnered $11.78 billion in total net inflows, with Bitcoin currently priced at $61,399, witnessing a 6.29% growth in the past week.

Amidst the uncertain traditional financial markets, there could be a surge in investments in riskier crypto altcoins according to Swan Bitcoin's executive. VanEck's introduction of the MarketVector MEMECOIN index, encompassing coins like Dogecoin (DOGE) and Shiba Inu (SHIB), serves as a testament to this potential shift.