Bank of Japan Liquidity Shock May Hit Bitcoin, Says UTXO's Duke Waldrop

Bitcoin declined to $79,000 over the weekend. This week, both the Federal Reserve and the Bank of Japan are scheduled to announce their rate decisions. Duke Waldrop, Head of Asia Markets at UTXO Management, explained to Grace Remington and Sean Hagan that a yen repricing would first affect Bitcoin because macro funds holding yen-denominated liabilities become forced sellers, and Bitcoin's round‑the‑clock liquidity offers them an exit. He also detailed why Metaplanet is valued below its own Bitcoin holdings, why its potential removal from MSCI indexes on November 30 does not alter the investment thesis, and why confidence rests on the Tokyo team's execution.

Chapters:

1. 0:00 Bitcoin at $79,000, Fed and Bank of Japan decisions, Metaplanet below net asset value
2. 0:29 How Asian investors are adopting the Treasury playbook
3. 1:16 The yen carry trade and why Bitcoin feels the liquidity shock first
4. 2:12 Who sells first if the Bank of Japan surprises: overleveraged macro funds
5. 2:58 Metaplanet's Nasdaq route through Super League and the second liquidity pool
6. 3:46 Why Metaplanet trades below its Bitcoin: Bitcoin per share is the key metric
7. 4:30 Asia is “way behind” on Bitcoin preferreds
8. 5:32 MSCI removal on November 30: why it changes nothing fundamental
9. 6:57 Balance sheet caps, delisting and Moon Inc.
10. 8:45 Thailand, Astra’s cash‑flow model, Capital Group’s 11% and “the moon, a million”

This video is intended solely for informational purposes and does not represent an offer to sell or a solicitation of an offer to purchase any securities. Past performance is not indicative of future results. Digital asset investments carry significant risk and may result in total loss of capital. UTXO Management and BTC Inc., the producer of BMTV, are both owned by Nakamoto Inc. (NASDAQ: NAKA).

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