Bits + Bips: Elon vs. Trump, Bitcoin Supply Shock Brewing, Circle’s Wild Valuation - Ep. 849
Episode publishedPodcast: UnchainedUnchained
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I wouldn't be patient and stay long because I think the likelihood that we see a blow off move upwards is far higher than what we see on the downside and probably have a greater percentage change in price. Hi,
everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. Today, we're gonna talk about a whole bunch of things, mainly the Trump and Musk blow up, the circle IPO, some macro topics, and, again, Bitcoin treasuries continues to be a hot topic. But some quick intros. I'm your host, James Safer, TradFi archmaester, lord of Bloomberg's end. Here with Ron Malawalia, maester of wealth, leader of Lumida. How's
it going?
Steve Ehrlich, high scribe of the unchained crypto kingdom, and then also joined by Sal Ternullo, first counsel of the venture court at a 100. Yeah.
It's me, Brown. We're
here to discuss latest stories in the worlds of crypto and macro. Just remember that nothing we say here is investment advice. Please check unchaincrypto.com/bitsandbips for more disclosures. Before we begin, let's take a minute to hear from the sponsors who make this show possible.
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Alright. Let's get into, Elon and Trump. I have a take on the market angle here, but, like, I I don't know. Obviously, this is also just, like, drama, but, like, it's kind of like when I was watching this stuff blow up, it was like it it it was just it was it was so viral. It was so intense. It was like it was like, I don't know, bravo bravo housewives type stuff, but with people that actually matter. You know? So, yeah, let let's just get into it. What's what's your what's your market take here? We'll go to you, Ram, Like, you do you have an overarching take of what's going on here and how it
there's no real market in the past. There's no what what drives markets are earnings growth, inflation, policy. This is a a tempest in a teas pot. It really impacts Tesla more than anything else. But even then as it relates to Tesla, it's not impacting Tesla's long term or short term earnings growth. So, you know, you get you got a short term reaction on the late tail of last week when when this was brought into the public eye and and Tesla sold off. But those are just short term reactions. It's not an enduring reaction. I I I have a few questions. One is I wanna know how did Elon really get t
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