Contextualizing the Drawdown

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 - The best way to stack in the US
• 🇨🇦 The Bitcoin Well - An amazing automatic self-custody Bitcoin platform
• ⚡ The Bitcoin Company - Spending your Bitcoin Via Lightning
• 🏦 Fold Card - Pay bills Stack Sats
• 💵 SALT Lending - Get access to your BTC Value w/out Selling

Show Notes

• Yen Carry Trade Unwind Triggers Major Market Ripples | wolff responds - YouTube
• The Japanese Carry Trade Is Unwinding — And It Could Hit U S Markets Hard | David Stryzewski - YouTube
• Japan announces $135 billion stimulus to boost economy and support consumers
• Japan Economy News Today, December 3, 2025: Services PMI Strengthens as Bond Yields Hit 17‑Year 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
• Vanguard finally dips a toe into crypto waters
• Vanguard Will Now Allow Crypto ETFs on Its Platform
• Bank of America recommends adding up to 4% of ‘gold rival’
• Bank Of America Opens Up All Client Portfolios To Crypto Investments
• Bank of America Backs 4% Crypto Allocation
• Larry eats Crow: BlackRock CEO Larry Fink admits he was wrong about crypto.
• US FED Injects $13.5B in Liquidity Overnight as QT Ends
• Chairman Hill, Oversight Chair Meuser Issue Final Staff Report on Biden’s Debanking of Digital Assets | U.S. House Committee on Financial Services
• Crypto Targeted: House Confirms Operation Choke Point 2.0
• Gilfoyle cryptocurrency powerpoint - Silicon Valley S5 - YouTube

Music

• scoot By: Kathryn