Bits + Bips: AI Jobs Wipeout, Bitcoin as a Risk-Off Asset and Few Rate Cuts - Ep. 765
Episode publishedPodcast: UnchainedUnchained
Transcript preview
Preview only
I'm sure you'll get executive orders in to stop selling crypto, but I I think the ambition of the 8 items that Joe noted in his report versus the reality of what's priced in the markets, I think there's a gulf. So markets need time to cool and reset for a few more months before we move higher.
Hi, everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Seifert, TradFi Archmaester, Lord of Bloomberg's End, here with Ram Alawwalia, Maester of Wealth, leader of Lumida. Happy
New Year.
Today, we're also joined by Tom Dunleavy, guardian of the Capital Thrones at MV Capital. We're here to discuss the latest stories in the worlds of crypto and macro. Just remember that nothing we stay here is investment advice. Please check unchaincrypto.com/bipsandbips for more disclosures.
Did you know the Stellar blockchain already powers over 550,000,000 tokenized assets in 180 countries? Join the Build Better movement at betteron.steller.org.
Alright. Before we get into it, Tom, why don't you, give our listeners a little background on who you are and and what you, do in the space and we can get into it.
Yeah. Thanks, James. Appreciate you having me. Appreciate having a noble title. It, flatters me. It's fantastic. So briefly on me, I spent 10 years in TradFi managing traditional portfolios, worked at the T Street Global Advisors, and number that number of other investment houses. Moved over to Messari at the perfect time in 2021 as everything was collapsing. Spent a few years there as a senior analyst before moving over to my current role, MV, running the investment side of our business. MV has been investing, building, and, incubating businesses in crypto since 2019. We've invested in over 2
We tend to focus a little bit more on the liquid side, but we do love a little venture. Our counterparts over at the at the chopping block, the other on Unchained podcast tend to focus more on the venture side. But I guess let's get into, the Fed, a little bit here. We we we have to talk with them every week. I mean, they're they have, like, control over everything going on the markets. I'll go to you, Ram. Is is the Fed pivot officially dead? What do you think?
Yeah. It's the rate cuts are mostly priced out. Right? You had a strong non from payrolls report last Friday exceeding expectations, and then the 10 year went up on the news. It's at 4.8%. I think it could get up to 5. If it does, I think that's the end of it. But what you've seen since the Fed cut rates 50 bps, in September is the short end of the curve has gone lower, and the long end of the curve has gone higher. So the markets have repudiated the Fed because markets are expecting higher inflation, and they don't see the need for rate cuts, which has been a view I've had and talked about fo
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.