Crazy, The Men that Ran on Yen

Or why you should just keep building

Yes, crazy crypto weekend.

My whole reason for existence at my role at Bloccelerate is to save you some frustration, some time and scar tissue; so let me sum things up.

The big story - if you think market movements need a story:

There is a country- Japan. They have a central bank- Bank of Japan. 25 years ago, because Japanese people were not consuming enough, this central bank said “lets keep interest rates low that people will borrow, build businesses and sell cheap products, plus there would be no incentive to save an inflationary currency.”

Last week, the Bank of Japan decided to change this. This created a problem for those who had borrowed the 20 Trillion dollars worth of cheap Yen, a good chunk of which is in the US. These speculative asset buyers that used the borrowed Yen, woke up to the reality their assets would now be more expensive to own. They felt they had to sell assets to eliminate having to pay off interest (SAEHPOI). And also, they had to try to sell if before the next person who owned the same assets that would have to SAEHPOI, as well.

People will debate if and when this is true, but I’ll say it as I see it - Bitcoin and crypto acted as a store of value over the weekend. One that the owners could use wherever and whenever they like without permission. Their crypto saved the day for the fearful folks that thought this shift interest rates will create a crash in so many markets and assets. To be fair, 20 T is a big number. To be fair, .25% wont break most banks even if its 25x higher than .01% interest.

So they sold. They over-sold. Now we are back-ish after 1.2 B of crypto liquidations.

If you don’t need to hear stories for the market moves:
This is the 30% correction we needed before the big parabolic advance could be unlocked. Yay!

Any way..with a narrative or without. Today is a good day to BUIDL. Keep calm, carry on. And if you need to help on being able to do that well into the future “let me know how I can be helpful”.

While some men ran on yen, honestly I’m here so you don’t have to run on Ramen. HMU.

Cheers.

#WW3 #treasury management #governance #fundraising #PMF #first-principles thinking #vision-setting #co-founder alignment #anxietyrelief #uselesshistory