All Things Crypto

ATC quote · Aug 5, 2024 · 0:33:33

“Yeah. The other thing about the yen is in order for them to save the yen from completely disastrous level, they have to dump US treasuries, and that just adds to the sell pressure in the American…”

NatNat @Natnatx007 (speaker unconfirmed)

From ATC: Is $BTC going to $10,000? $STX to $0.50? $ETH to $800, Aug 5, 2024 · Episode page

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0:31:19 Dave @DCBK2LA (speaker unconfirmed): I love that, Nat. I love it. And for those that are wondering, like, what the carry trade is, right, like, that's a really big thing on Wall Street. Right? So, essentially, what you do with the carry trade, like, it's a currency trade. Right? So let's just say, for example, like, you borrow, like, the yen. Right? Because traditionally, like, it's been... Japan has been known to have, like, the lowest interest rate…

0:33:33 NatNat @Natnatx007 (speaker unconfirmed): Yeah. The other thing about the yen is in order for them to save the yen from completely disastrous level, they have to dump US treasuries, and that just adds to the sell pressure in the American market.

0:33:44 Dave @DCBK2LA (speaker unconfirmed): That's it. Exactly. Like, there's always going to be some sort of a reaction. You don't just put on a trade and expect every, like, and expect every single factor to remain constant or, like, the same exact thing when you put the trade on. The longer you keep a trade open, and this is what always boggled my mind when people used to put on... When people put on meme token trades. Yeah. I bought, you know, enchilada…

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