Bits + Bips: Will Rate Cuts and Trump's Policies Spark a Bitcoin Supercycle? - Ep. 737
Episode publishedPodcast: UnchainedUnchained
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So, I think we continue going up, and, this is the time where if you're running Spot, you you just let it ride. Hi,
everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Seyfert, trad by archmaester, lord of Bloomberg's end. Here with Alex Kruger, Kruger macro of house Asgard, protector of the realm. We're here to discuss the latest stories in the worlds of crypto and macro news. Just remember that nothing we say here is investment advice. Please check unchainedcrypto.com/bitsandbits for more disclosures. Today, we're joined by David Greider, lord of finality from the restaking realm. How's it going, David? Hey, everyone. Glad to be here.
I've done very well in crypto. We've made some early investments in, known for things like Eigenlayer, Babylon, Monad, Athena, Celestia, Ando, Dewey, being early in many of those. I launched a liquid fund back in July. Been in crypto a while. I've been in crypto personally since 2015, professionally since 2017, launched a, one of the early waves of crypto funds. I launched a small crypto fund in the 2017, 18 cycle, So
I've been at this a while. It
was did really well, but it was just our money. Didn't get it big enough. So I went to, something most people probably know, Tom Lee in Fundstrat. I was head of crypto research there. So I was head of a digital asset strategy, ran that business for a number of years. Eventually went to, Grayscale, and I was head of research there for a bit. Launched some innovative products, you know, some one being, like, Solana Trust and others. Got back to investing at another fund, $50,000,000 fund called Tefra, and then before coming back over the start of the year here to, watch the liquid fund finality.
Good good timing. Brilliant.
We definitely did pretty good. That's but, you know, Alex, that's the job. Right? Got a time in the market?
Alright. So, let's jump into it. I mean so just so everyone knows, we're recording on November 18th. It's a little after 5 PM on the East Coast. And, I mean, in the last couple hours, there's been a flurry of of news. I mean, I feel like we recorded 2 weeks ago and not not quite 2 weeks ago, but, like, things have changed so much since then. But even just today, there's been a bunch of news. So let's start with some of the political stuff. News just came out being reported that Brian Armstrong is set to meet privately with Trump, and they're going to discuss appointments. I guess one of those
Oh, I I I I just saw it. Like, I I learned about it by by by chance, because it just happened. So, I have nothing, nothing to say outside of the fact that, yeah, it's it's absolutely incredible. Like, it's it's literally bananas that this is happening. Also, it's it's they're they're talking from what I saw, they're talking about acquiring Bakkt. Like, basically, the talk I think it was like Trump acquiring Bakkt or something like that, which is quite a bizarre turn of the bands because Bakkt is sort of like a debt exchange, like a truly dead exchange from, it was, it came out live in 2019 wit
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