UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin
Photo: Bitcoin Magazine
Ahead of Fed and BOJ rate calls, Duke Waldrop explains how yen carry unwinds hit 24/7 Bitcoin liquidity and why Metaplanet trading below NAV is an opportunity. 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.
Source: Bitcoin Magazine
