Bits + Bips: Bitcoin Brushes Off Another War & Will Powell Relent on Rates? - Ep. 857

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 25 June 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As tensions flare between Iran and Israel, investors are watching oil, gold, and, of course, crypto. In this episode of Bits + Bips, the panel digs into the market response to war risk, the chances the Fed will actually cut rates, and how Circle’s IPO is being treated more like a meme stock than a fintech play. Plus: Why Scaramucci says we’re all living in a surveillance state Whether stablecoins are being kneecapped by U.S. regulation When altcoin ETFs are coming And what BlackRock’s Larry Fink secretly told Scaramucci about Bitcoin in 2021 👀 Sponsor: Bitwise James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter Anthony Scaramucci, Founder of SkyBridge US-Iran-Israel war Unchained: Bitcoin Dips Below $100K as U.S.–Iran Tensions Trigger $627M in Liquidations Polymarket: Will Iran close the Strait of Hormuz before July? WSJ: What Israel’s Soaring Markets Are Saying About the Iran War Macro WSJ: Fed’s Bowman Says She Could Support a July Interest-Rate Cut CNBC: Fed Governor Waller says central bank could cut rates as early as July FT: Jay Powell to push back on calls for Federal Reserve rate cuts as soon as July Stablecoins WSJ: Stablecoin World Opens Up to Main Street Banks The Block: Circle's post-IPO stock surge pushes market cap near Coinbase and USDC ETFs James upped the odds on a bunch of altcoin spot ETFs Timestamps: 🎬 0:00 Intro 🌍 2:51 Are there lessons in how the markets shrugged off the Iran-Israel conflict? 🔥 9:37 What flashpoints in the Middle East could ignite next 🛢️ 14:40 Will oil supplies remain safe? 💸 22:13 Are cracks finally forming in the Fed’s resistance to rate cuts? 📉 28:08 Why Anthony believes that Fed Chair Powell is playing politics with rates 🇺🇸 33:55 Whether TACO Trump or tough Trump will show up on tariff day 🎯 36:26 What Anthony says that people get wrong about Trump’s economic strategy 🏦 43:52 Why Circle’s IPO feels more meme than fintech and what Larry Fink once secretly told Anthony about bitcoin 👀 🚫 50:27 One thing that Anthony HATES about the GENIUS Act 📊 56:17 Why James is upping his odds on a wave of altcoin ETFs, but doesn’t expect many to be successful products Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What can Unchained do for you? We want to know. Fill out our survey so we can serve you better,
0:05.8	and you might win a free one-year subscription to Bits and Bips Premium. Visit UnchainedCripto.com
0:11.6	slash survey. That is UnchainedCripto.com slash survey. Or check out the show notes for this episode.
0:18.1	Hey, everyone. Just a quick note about today's show. It was recorded live at
0:22.5	4.30 p.m. Eastern on Monday, approximately 90 minutes before President Trump announced a ceasefire
0:28.5	between Israel and Iran. That's why it is not addressed in this recording. As of Tuesday
0:34.5	evening, the cessation of hostilities appears to be holding that it remains a fluid situation.
0:39.8	And now, on to the show.
0:41.6	The president is tweeting at the Fed president, the chairman of the Federal Reserve.
0:46.9	You know, I think it's assonite.
0:47.8	I don't think you should be tweeting at him.
0:49.4	You're shoving him, and he's trying to help you and trying to help the flow of capital in the United
0:55.1	States by having some level of political independence.
0:58.9	And Trump shoving him is not helping the situation.
1:01.4	Probably, if anything, I think the rates could go down.
1:05.1	And I think Trump has actually slowed that process with his nonsensical, asinine behavior.
1:12.1	Yeah, I mean, he was calling him a moron saying he doesn't understand things.
1:15.1	I mean, it might be like, if that was me, it might push me the other direction.
1:19.1	Not you.
1:20.1	How about if it's Jerome Powell?
1:21.5	Jerome Powell's giving him the bird right now.
1:23.6	You know that and I know that.
	...

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