"Bitcoin remains under pressure as global markets digest a further shift away from ultra-loose monetary policy in Japan. At its December meeting, the Bank of Japan raised its short-term policy rate to around 0.75% from 0.5%, citing growing confidence that inflation will remain near its 2% target, according to official statements."
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Not until Bitcoin migrates to quantum resistant encryption and there are higher merchant adoption from Big guys.
Of course it CAN, and I'm betting it will. The only question is when, and whether it dips further first.