Crypto Scenario Insights
What happened
Japan's move to recognize cryptocurrencies as regulated financial products and explore crypto ETFs signals a significant shift towards institutional adoption.
What we think
The most likely outcome is a neutral-to-slightly-positive structural impact on the broader crypto market, with a 60% probability.
Read the analysis
Japan's Crypto Reforms: A Catalyst for SHIB or Broader Market Structure Shift?
We explain what happened and what could follow. We do not forecast prices.