Bits + Bips: Why a US Strategic Crypto Reserve Doesn’t Even Make Sense - Ep. 794
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I think we've, you know, come to a rough agreement here that it doesn't really make much sense for The US to do it. And it certainly doesn't make sense for The US to just have passively add, you know, these other coins in there. I don't know. Do you think I I mean, the the product gonna add even more coins, you know, now that you've opened the game. Hi,
everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. This week, Trump's announcement of a strategic crypto reserves and market surging only to retrace almost all the gains Monday. Still, not everyone's convinced Bitcoin maxis are and even mainstream crypto voices have pushed back, arguing that only bit BTC Bitcoin belongs in a reserve. We'll dig into why Trump made this move and what the real allocation could look like. The White House is set to hold a major crypto roundtable this Friday. We'll discuss what to expect and how it could shape the a
everyone. Today,
we're joined by Steve Howe, the index warden of Bloomberg's realm. Hello. And Steven Ehrlich, high scribe of the Unchained Kingdom. Hi,
everybody. 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/bitsandbits for more disclosures.
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News of the weekend, news of anything that matters for the most of the listener of this of this podcast. Trump Trump basically said crypto markets rallying like crazy this weekend, basically putting out a tweet saying that he was gonna put XRP, Solana, ADA, AKA Cardano to be in a crypto reserve unanimously across the board in the crypto ecosystem. This was not received well aside from, like, some people at Ripple and a few other small things. But, like, usually, a lot of the opinion leaders, really didn't like this. I mean, I can pull up a whole bunch of tweets, but do they include different p
Oh, sure. Thanks. Yeah. I'll be very brief. I'm a quant researcher at Bloomberg, specifically Bloomberg Indices. Many people don't know that, Bloomberg you know, we have a business or terminal business as the emission, you know, our platform by then, we have the news business. We actually also have a index business. So, I create mostly systematic, equity strategies, but sometimes also multi asset, strategies, which then become, you know, sort of investable indices. And I, have various thoughts on macro and so on, on Twitter. So I'm happy to be, in this conversation. Yeah. Steve
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