Follow UsUTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin
AI Summary
UTXO's Duke Waldrop analyzes how a potential Bank of Japan rate hike could trigger a yen carry trade unwind, forcing macro funds to sell Bitcoin first, while also discussing Metaplanet's treasury strategy and index removal risks.
Bitcoin Magazine
UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin
Bitcoin fell to $79K this weekend, and this week both the Fed and the Bank of Japan decide on rates. Duke Waldrop, Head of Asia Markets at UTXO Management, joins Grace Remington and Sean Hagan to explain why a yen repricing hits Bitcoin first: macro funds with yen-denominated liabilities become forced sellers, and Bitcoin’s 24/7 liquidity is where they find the exit. He also breaks down why Metaplanet is trading below the value of its own Bitcoin, why possible removal from MSCI indexes on November 30 doesn’t change the thesis, and why the bet is on the Tokyo team’s execution.
Chapters:
0:00 Bitcoin at $79K, Fed and Bank of Japan Decisions, and Metaplanet Below NAV
0:29 How Asian Investors Are Learning the Treasury Playbook
1:16 The Yen Carry Trade and Why Bitcoin Sees the Liquidity Shock First
2:12 Who Sells First If the Bank of Japan Surprises: Overleveraged Macro Funds
2:58 Metaplanet’s Nasdaq Route Through Super League and the Second Liquidity Pool
3:46 Why Metaplanet Trades Below Its Bitcoin: Bitcoin Per Share Is the Metric
4:30 Asia Is “Way Behind” on Bitcoin Preferreds
5:32 MSCI Removal on November 30: Why It Changes Nothing Fundamental
6:57 Balance Sheet Caps, Delisting and Moon Inc.
8:45 Thailand, Astra’s Cash-Flow Model, Capital Group’s 11% and “The Moon, a Million”
This video is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. Investments in digital assets involve significant risk and may result in loss of capital. Both UTXO Management and BTC Inc., producer of BMTV, are owned by Nakamoto Inc. (NASDAQ: NAKA)
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This post UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin first appeared on Bitcoin Magazine and is written by Patrick Green.