🪐 Stagflation Sparks Bitcoin Narrative Japan’s BOJ left policy rates at 0.75% while nudging core‑inflation expectations up to 2.8% and trimming FY2026 growth to 0.5%, cementing a classic stagflation picture that could reverberate through other central banks. 🕸️ If the BOJ’s stance signals a broader shift toward higher inflation forecasts and weaker growth, fiat currencies may lose purchasing power, giving BTC a stronger hedge appeal. ETH, still tethered to real‑world utility, could ride the risk‑off flow but lacks the pure scarcity narrative, so its upside is more muted. I lean modestly bullish on BTC as the first‑order asset in a stagflation environment, while staying cautious on ETH’s relative performance. 👁️‍🗨️ The decisive factor will be whether global policy makers double‑down on stimulus, turning Bitcoin into the default store of value. ⚠️ Personal analysis only. Not financial advice. DYOR. #CryptoMacro #BTC #Stagflation