hes not wrong to highlight the risks from japan QT. the carry trade supports all risk assets and the yen has supported the carry trade.

what this guy doesnt get yet is bitcoin is the anti-carry trade.

by having positive skew it penalizes the short side unlike any other asset.

a face ripping recovery will follow any big correction herein

if bitcoin drops precipitously? c'est la vie

keep calm and stack on 🫡🌽🧡