Arthur Hayes on Why Tariffs Will Be Good for Bitcoin and Crypto - Ep. 813
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Money is being printed. It will be printed. Powell told you that it's gonna be printed at the last press conference. He says tariffs are transitory. I know Bitcoin has done pretty pretty poorly alongside the Nasdaq and the S and P and a lot of other global stock indices, but I think that's just, you know, investors not really appreciating that this is a fiat liquidity bonanza that's about to happen. I think Bitcoin will decouple from these and stock indices and trade alongside gold and really reflate higher as the money supply globally goes higher.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on this show. Today, we have one from Elamia on x responding to my interview with Dragonfly partner, Omar Kanji, about Circle's IPO filing. Elamia writes, quote, $5,000,000,000 valuation and regulation risks. This will be an interesting ride. If you'd like your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube or x. This is the 04/08/2025 episode of Unchained. Big news. Unchained just launched a b
So I first try to remove any sort of moralistic judgment on any sort of economic policy and just adapt and try to make money. I think when you get this, is it good or is it bad? For whom? It's all relative. So instead of getting all worked up about it, just try to figure out what's going on and adjust your portfolio accordingly. So I think it's quite simple. Trump in 02/2016 and Trump in 02/2024 made the same pretty much promise, which was in his world view, The United States is getting ripped off by the rest of the world because there's this massive current account deficit, mostly in tradable
Well, I you know, I'm curious about the way you kind of sidestep the the question because you're clearly so knowledgeable about, you know, macro and and just generally, like, you know, how these things works. And I am surprised that you don't necessarily have an opinion on at least, let's just speak for The US. We're both Americans. I know you don't live here anymore. But as an American, like, do you like, if you were president, do you think that what he's his goal here is a good goal?
It depends on who you wanna get elected by. Right? So Trump's voter base in a very amusing averages, and maybe you can push back on if you see some different statistics. The statistic that I saw was that approximately 50 ish or a little bit more than 50% of people who made over a hundred thousand dollars in exit polls on average voted for Kamala Harris. So we can, you know, make a bold statement. Rich people voted for the Democrats, and poor people voted for Trump. Right? So what is the big delineation between rich and poor in The United States? Obviously, university degree. What type of thing
Yeah. That's true. That's true. And I know that generally when it comes to crypto, the main thing that you look at is, the money supply. And you said prior to Liberation Day that you didn't think that high tariffs would cause Federal Reserve chair Jay Powell to pull back on quantitative easing. Correct. You know, generally, Trump and Powell have had kind of a rocky relationship. So I wondered, you know, w
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