84: Carry Trade Crack

Something broke in the background this week as a decades-old trade finally cracked, and Bitcoin caught the first ripple. The real story isn’t the dip; it’s what this unwind sets in motion next.

Episode Links

• 🇺🇸 Buy Sats on River (https://partner.river.com/jupiter) - The best way to stack in the US

• 🇨🇦 The Bitcoin Well (https://www.bitcoinwell.com/jupiter) - An amazing automatic self-custody Bitcoin platform

• ⚡ The Bitcoin Company (https://app.thebitcoincompany.com/signup?ref=JUPITER) - Spending your Bitcoin Via Lightning

• 🏦 Fold Card (https://use.foldapp.com/r/XNHPXTFC) - Pay bills Stack Sats

• 💵 SALT Lending (https://borrower.saltlending.com/register?referralCode=GkPQdbqWG) - Get access to your BTC Value w/out Selling

Show Notes

• Yen Carry Trade Unwind Triggers Major Market Ripples | wolff responds - YouTube (https://www.youtube.com/watch?v=4FFGlzjRX9o)

• The Japanese Carry Trade Is Unwinding — And It Could Hit U S Markets Hard | David Stryzewski - YouTube (https://www.youtube.com/watch?v=n_PyL13D_jA)

• Japan announces $135 billion stimulus to boost economy and support consumers (https://www.cnbc.com/2025/11/21/japans-cabinet-announces-135-billion-stimulus-package-nhk.html)

• Japan Economy News Today, December 3, 2025: Services PMI Strengthens as Bond Yields Hit 17‑Year High and BOJ Eyes Rate Hike (https://ts2.tech/en/japan-economy-news-today-december-3-2025-services-pmi-strengthens-as-bond-yields-hit-17%E2%80%91year-high-and-boj-eyes-rate-hike/)

• Charles Schwab CEO says feel confident bitcoin and ethereum will be the two cryptocurrencies it can offer to market in first half of 2026 | MarketScreener (https://www.marketscreener.com/news/charles-schwab-ceo-says-feel-confident-bitcoin-and-ethereum-will-be-the-two-cryptocurrencies-it-can-ce7d51dede8ef124)

• Vanguard finally dips a toe into crypto waters (https://www.marketwatch.com/story/vanguard-finally-dips-a-toe-into-crypto-waters-after-bitcoin-slump-58e9191d)

• Vanguard Will Now Allow Crypto ETFs on Its Platform (https://finance.yahoo.com/news/vanguard-now-allow-crypto-etfs-211500405.html)

• Bank of America recommends adding up to 4% of ‘gold rival’ (https://www.thestreet.com/crypto/investing/worlds-second-largest-bank-urges-clients-to-add-1-4-crypto-exposure)

• Bank Of America Opens Up All Client Portfolios To Crypto Investments (https://www.forbes.com/sites/kirkogunrinde/2025/12/02/bank-of-america-recommends-crypto-exposure-in-all-client-portfolios/)

• Bank of America Backs 4% Crypto Allocation (https://finance.yahoo.com/news/bank-america-backs-4-crypto-125733181.html)

• Larry eats Crow: BlackRock CEO Larry Fink admits he was wrong about crypto. (https://x.com/WatcherGuru/status/1996264980241617007)

• US FED Injects $13.5B in Liquidity Overnight as QT Ends (https://finance.yahoo.com/news/us-fed-injects-13-5b-104021736.html)

• Chairman Hill, Oversight Chair Meuser Issue Final Staff Report on Biden’s Debanking of Digital Assets | U.S. House Committee on Financial Services (https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410927)

• Crypto Targeted: House Confirms Operation Choke Point 2.0 (https://bitcoinmagazine.com/news/crypto-house-confirms-choke-point-2-0)

• Gilfoyle cryptocurrency powerpoint - Silicon Valley S5 - YouTube (https://www.youtube.com/watch?v=28IpiLraUoc)

Music

• scoot By: Kathryn (https://podcastindex.org/podcast/7590882)