Bits + Bips: How Trump’s Tariffs Are Bullish for Bitcoin Both Long- and Short-Term - Ep. 778
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Lot of people just died, in in in financial market terms. There was there's some crazy stories you started seeing, like, all of these people talking on Twitter, how they just blew up. There's this crazy story about this guy, who's supposed to be, like, OG of source in the meme coin space. I had, like, some massive, Mog and and Pepperbox. And he goes and uses them as collateral for levered longing with 1.1 leverage. And it's like, I mean, just just to put in perspective the kind of thing that that that people are doing out there is, like, using a meme coin that is has no fundamental value that
everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Seyfert, TradFi archmaester, Lord of Bloomberg's End, here with Alex Krueger, Krueger macro of House Asgard, protector of the realm. Hey,
guys. Also
with Noel Acheson, high seer and keeper of the Crypto is Macro Now newsletter. Hello,
everyone. We're
here to discuss the latest stories in the worlds of crypto and macro. Just remember that nothing we say here is investment advice. Please check unchainedcrypto.com/bipsandbips for more disclosure. Today, we're also joined by Jeff park, master of alpha warden of house bit wise. Jeff's been with us before. So I think he's our first repeat, repeat guest if I'm, but I could be wrong on that. But Jeff, for anyone who hasn't heard you, why don't you give us a little brief rundown on, what you do, how you're involved in crypto, what you do at Bitwise, and then we'll get into it. Sure.
Happy to. And if I am indeed a first repeat guest, that is an honor that I will have to admirably carry through. What a thing. Yeah. I'm Jeff. I'm the head of alpha strategies, at Bitwise Asset Management. For those who may not be familiar, Bitwise Asset Management is a US based crypto asset manager. And today, we manage over $10,000,000,000 of assets, most famously known for the largest index, market cap weighted index fund that is publicly traded. I lead our multi strategy alpha effort, mostly focused on the opportunities that are available within the arena that is orthogonal to the beta exp
now, we're recording this. It is 02/03/2025. It seems like ever since Trump took office, there's there's gonna be a lot for us to talk about on this podcast. But, specifically, I mean, the big news right now is the tariffs everybody has been talking about, the will they, won't they? And he's basically come out and said he was gonna do 25% tariffs on Mexico, Twenty Five Percent tariffs on Canada, and 10% tariffs on China. At the time of this recording, they've at least walked back the Mexican tariffs for at least, at least a month due to Mexico saying they were gonna do more at the border and w
Europe is definitely next. I mean, Trump has made no bones about that. Europe tariffs are coming soon. We've known this for a while, and European politicians have been crisscrossing the continent trying to figure out what on earth they're gonna do. There's really not much they can do. But the whole tariff thing is fascinating, and I'd love to get Jess' take on this also. I'm fascinated by how the mainstream media are reporting on this. All of the comments that I've read, pretty much except for what Jeff has written, are in invariably bad. They were saying this is the worst thing that could hap
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