Bits + Bips: The Real ‘Trump Trade’ & Why Trump's World Liberty Financial Was a Flop - Ep. 723
Episode publishedPodcast: UnchainedUnchained
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Main trade is Bitcoin and is is, is Altcoins. I think that's that's the main Trump trade. And we've been talking in the pot here for for quite a few months. I prefer ETH and SOL over Bitcoin on a on a Trump win than than Bitcoin itself. Sorry, Max's. It's just common sense to me. Hi,
everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Safer, tradfi archmaester, the lord of bluebird's end. It would Joe McCann, lord commander of asymmetric and master of bunk alongside Alex Kruger, Kruger macro of house Asgard, protector of the realm. We're here to discuss the latest stories in the world's crypto and macro nudes. Just remember that nothing we say here is investment advice. Please check unchainedcrypto.com/bitsandbits for disclosures. Today, we're also joined by Jeff Park, master of alpha, warden of House B
episode is brought to you by Gemini, a US based crypto exchange built for new and advanced traders. Gemini is offering new customers $15 in BTC when they trade. Sign up today to earn your Bitcoin. Where can you find $700,000,000 in real world assets, 11,000,000 daily operations with industry low fees, powered by 450,000 plus on and off ramps across 180 countries, the Stellar network. Jeff,
why don't you, give a little background on who you are, and then we'll we'll get into some of the topics of the day.
Sounds great, James. And what a lovely title to kick off my day. Appreciate it. My name is Jeff Park. I joined Bitwise about 3 years ago to augment their capabilities on having alpha strategies in house. And so the main function that I run is our multi strategy solutions. But also I come from the lens of TradFi, like many of you, in the ways to appreciate crypto into the dialogue. So super happy to be here. Big fan of all 3 of you guys, of course, in the space that I follow for a long time. And, Joe, I thought this might be the perfect occasion for me to wear my Anagram hoodie that I not trade
So so you you're running alpha strategies. Are those, private LP type vehicles, that Bitwise has on the side? I'm not alongside the ETFs, which I think most people probably know them for?
Yeah. It's a good question, James. Our flagship vehicle is a multi strategy solution in a private, fund format. But that being said, I do think the strategy for Bitwise is to offer active strategies in every investment wrapper possible. So you may have actually seen in the news recently that we are repurposing our futures based ETF B ITC as well as AEF into a trend based strategy. So we're implementing a trend following strategy even within the ETF wrapper that I think will bring nuanced sophistication and investor expression towards waste investing in crypto. And of course, we manage also oth
Yeah. We'll get we'll definitely get into some of that more because we're gonna talk a bit about Bitcoin ETF options and the stuff we could do with that. But let's talk about, like, what I think is the biggest news of the last few days. There's 2 papers out. The ECB, the European Central Bank, put out a paper that basically said Bitcoin was fueling, the division of society. I mean, from my point of view, like, I I I didn't read the whole thing. I'm not gonna lie. I'm not gonna pretend like I read through the entire paper, but, like, I skimmed enough of it. And what I got from it was Bitcoin ha
Yeah. Same thing. 5 minutes. It's, I thought it was a joke, to be honest. It's like if you think about it, this, the the the gist of it was that if you if you but if Bitcoin keeps going up, it's basically generate divisio
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