Bits + Bips: Are the U.S. and China About to Reshape the Global Economy? - Ep. 835

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 14 May 2025

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After the U.S. and China announced a 90-day pause on tariffs, signaling a massive de-escalation of the trade wars, markets rallied. In this week’s Bits + Bips, the panel covers the biggest macro and crypto forces in motion right now: Will US-China tariff reset reshape the global economy, or just kick the can down the road? America’s ballooning deficit and why politicians are spending like it’s wartime. Why some think ETH has a unique lane to outperform. How policymakers ignore the power of the crypto community at their own risk. Plus: Saylor copycats, Solana’s risk-reward balance, and whether stagflation or recession is still in the cards. Sponsors: Bitwise Ram Ahluwalia, CFA, CEO and Founder of Lumida Steve Ehrlich, Executive editor at Unchained Guests: Peter Tchir, Head of Macro Strategy at Academy Securities Zach Pandl, Head of research at Grayscale POLITICO: Trump: The EU is ‘nastier than China’ David Bailey and Bitcoin-Native Holding Company Nakamoto Announce Merger with KindlyMD® to Establish Bitcoin Treasury Unchained: Michael Saylor Copycats Rush to Win the Solana Rat Race. Can Lightning Strike Twice? Reuters: Brokerages Scale Back Recession Odds After U.S.-China Trade Truce White House: Joint Statement on U.S.-China Economic and Trade Meeting in Geneva McKinsey: Chinese Consumption Amid the New Reality CBS: U.S. Could Face Default by August if Congress Doesn't Address Debt Ceiling, Bessent Says Stablecoin bill drama Unchained: Why the Senate Stablecoin Bill Stalled & What It Means for Crypto Tether in the Clear? Yes, Under This New Republican-Led Senate Stablecoin Bill Stablecoin Bill Stalls in Senate as GOP Cries Foul Over Dem Resistance A House Hearing on Crypto? More Like a Big, Partisan Fight Timestamps: 👋 0:00 Intro 🇨🇳🇺🇲 3:27 The significance of the U.S.-China tariff pause 🌎 8:55 Is this a global economic reset or just kicking the can down the road? 🧑‍💼 20:23 Has Bessent beaten Navarro in the Trump trade tug of war? 💔 23:11 Whether the U.S.-China relationship is heading for a permanent split 🏦 30:22 Is the U.S. heading for a debt default in August? 🎭 38:37 Why more are copying Strategy’s bitcoin playbook 🚀 44:53 ETH’s explosive short squeeze caught traders off guard. Can it continue? 🏛️ 52:47 How stablecoin policy suddenly became major political battleground ⚠️ 1:00:20 Are there still stagflation and recession risks? Hosts:Links Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	My kind of controversial take maybe or auto consensus take would be I believe that Ethereum
0:04.8	is very well placed and has a kind of unique lane to compete in that competition.
0:12.2	I think American exceptionalism is back.
0:15.6	I don't think that dollar is going to drop as much as people think.
0:18.1	I think bond yields are attracted if You're going to buy that.
0:25.1	Eurozone stocks are expensive now. You know, there's no alternative.
0:31.8	Hi, everyone. Welcome to bits and bips, exploring how crypto and macro collide one basis point at a time.
0:38.9	Today we're going to talk about macro, tariffs, Scott Besant, China, stable coin, the stable coin bills that almost were, and a lot more. But first, a few quick intros. I'm Stephen Erlich, high scribe of the Unchained
0:45.5	Kingdom. I'm here with our soon to be here, Ram Al-Waliah, Mastor Wealth, leader of Lumida. And we
0:52.9	have two special guests. First, joining us for the first time we
0:56.0	have Peter cheer first night of the Academy Securities roundtable and Zach Pandel truth seeker of the
1:02.6	asset realms at grayscale Peter since this is first of all welcome since this is the first time
1:08.3	that you're joining us wanting to just take a minute or two and share your background and some of the work that
1:14.6	you do in this industry.
1:15.9	Perfect. Yeah. I started a long time ago back in traditional Wall Street, did a lot of structured
1:21.5	product stuff, wound up doing a lot of synthetic CDOs, actually helped create the CDX suite
1:26.6	of indices. So the big short fame.
1:28.4	I traded about a trillion dollars of credit as a market maker and then at a hedge fund.
1:32.3	Then in 2009, I started trying to figure out how to work with large asset managers.
1:37.0	I built and sold a business, joined Academy about eight years ago where I think there's two
1:41.4	kind of neat things.
1:42.1	One, I still talk to asset managers, but I spend about half my time talking to large corporations
	...

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