#529: How The Yen Carry Trade Will Skyrocket Bitcoin with Peruvian Bull
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 764 Ratings
🗓️ 12 August 2024
⏱️ 76 minutes
🧾️ Download transcript
Summary
Marty sits down with Peruvian Bull to discuss what's being done by the Bank of Japan.
Peruvian Bull on Twitter: https://x.com/peruvian_bull
Peruvian Bull on Substack: https://dollarendgame.substack.com/
0:00 - Intro
1:02 - Yen carry trade backdrop
15:47 - River and Unchained
17:03 - Market caught off guard
20:10 - Liquidity alarm bell
27:01 - Current status
33:41 - Gradually, Then Suddenly & Zaprite
35:19 - What do central bank counterparties do?
44:12 - Treasury demand
48:55 - Predicting the timeline
51:34 - Good for bitcoin
56:50 - How to prepare
1:03:36 - Fourth turning
1:10:06 - Wrapping up
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Transcript
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| 0:00.0 | In the long run, it's very correlated with global liquidity. |
| 0:03.5 | And if we have yield curve control and basically infinite QE, which is what yield curve |
| 0:07.3 | control implies, there's no cap to the Bitcoin price. |
| 0:16.5 | This rip of TFTC was brought to you by River. |
| 0:19.7 | It's the best place to buy Bitcoin. |
| 0:21.6 | Go to river.com slash TFTC and enjoy this episode. |
| 0:25.6 | You've had a dynamic where money's become freer than free. |
| 0:35.6 | If you talk about a Fed just gone nuts, all the central banks going nuts. |
| 0:41.8 | So it's all acting like safe haven. |
| 0:44.1 | I believe that in a world where central bankers are tripping over themselves to devalue their currency, |
| 0:50.1 | Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. |
| 0:54.9 | I mean, that's part of the bull case for Bitcoin. |
| 0:57.5 | If you're not paying attention, you probably should be. |
| 1:02.1 | We're live. End of a chaotic week. Is this your Super Bowl week, proving bowl? |
| 1:09.7 | Yeah, yeah, yeah. |
| 1:13.1 | I had a lot of stuff popping up |
| 1:14.8 | popping off this week. I think a lot of people |
| 1:16.8 | were shocked by the speed of this |
| 1:19.2 | move in the carry trade unwind. |
| 1:22.9 | Yeah, it was a big week for me |
| 1:25.1 | and big week for Bitcoin in markets. |
| 1:27.5 | Yeah. |
... |
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