The Japanese yen has experienced a significant downturn, reaching a 34-year low, as authorities grapple with hyperinflation within the economy. This economic development has been notable, with Google Finance reporting that as of April 25, one Japanese yen was equivalent to zero BTC. Cryptocurrency, specifically BTC, is designed with a cap that cannot be surpassed, as it is coded within the blockchain. This limitation plays a crucial role in controlling inflation by effectively reducing the quantity of new tokens in circulation.
This process, known as halving, serves as a mechanism to maintain control over inflation within the cryptocurrency market.
