Bitcoin fell to $79,000 this weekend, as both the Federal Reserve and the Bank of Japan decided their interest rates this week. According to Duke Waldrop, head of Asian markets at UTXO Management, a yen repricing could trigger forced selling by macro funds with yen-denominated liabilities, with Bitcoin’s 24/7 liquidity providing a quick exit. He also explains why Metaplanet trades below the value of its own Bitcoin and why a possible removal from the MSCI indexes on November 30 would not fundamentally change the thesis. Waldrop emphasizes the importance of the Tokyo team’s execution, while also mentioning Astra’s cash-flow model, Capital Group’s 11% and the “The Moon, a Million” project.
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