Bits + Bips: How Bitcoin Treasuries Are and Aren't Like the SPAC Bubble - Ep. 845

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 4 June 2025

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Bitcoin Conference in Vegas is getting more political. Crypto treasury companies are exploding across the globe. And macro markets are flashing mixed signals, with geopolitics entering the chat. In this episode of Bits + Bips, the panel dives into: Key takeaways from Bitcoin 2025 The possible bubble forming around Bitcoin treasuries How the SEC is fighting back against staking in ETFs Whether Ethereum is finally catching up How Ukraine just redefined trade risks Why ETFs have seen so much inflows since the market bottom How AI will impact growth and the job market And … why James hates Las Vegas 😀 Thank you to our sponsor! Bitwise James Seyffart, Research Analyst at Bloomberg Intelligence Joe McCann, Founder, CEO, and CIO of Asymmetric Ram Ahluwalia, CFA, CEO and Founder of Lumida Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter WSJ: Bitcoin Goes All In on MAGA, Shedding Its Antigovernment Slant Unchained: Pakistan Sets up Strategic Bitcoin Reserve Crypto Treasury Companies Are All the Rage. Could They Cause an Industry Collapse? Decrypt: Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase The Defiant: Trump Media Closes Roughly $2.4 Billion Financing to Establish Corporate Bitcoin Treasury Bloomberg: SEC Flags Concerns on Crypto ETFs Offering Staking Rewards The Guardian: Ukraine launches major drone attack on Russian bombers, security official says Timestamps: 0:00 👋 Intro 2:02 🎰 - Why James hates Vegas, but was impressed with Bitcoin 2025 4:48 🐘 - Has bitcoin moved too far right politically? 10:02 📈📉 - If bitcoin treasuries are all the rage, why isn’t the price moving? 13:26 🌍 - One big reason why the treasury bubble differs from SPACs 18:26 📉 - Are these companies destined to implode? 22:55 🤔 - One big (but hidden) opportunity to profit from this market 34:23 🏦 - How some ETF issuers tried (and failed) to pull one over on the SEC 43:19 🤐 - Why James sees one quiet, but bullish, trend in ETF flows 47:48 🌎 - Why Noelle thinks that numbers don’t matter - it's all about geopolitics 58:10 🐂 - Ram sees a secretly bullish setup. Here’s how he says to play it 1:07:33 💻 - How AI is going to eat the world, and turn markets upside down Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is actually the time, in my opinion, not that I'm doing this because I have plenty of other things to do, but I would love to do this.
0:06.5	This is the time to start, you know, building a raising capital for a distressed fund vehicle.
0:14.0	So when some of these companies end up having to sell their crypto at a meaningful loss, there's somebody with arms wide open
0:23.9	will want to pay 10 cents on the dollar.
0:25.6	Hi everyone, welcome the bits and bits, exploring how crypto and macro collide one basis
0:29.9	point at a time.
0:30.9	Today we'll talk about Bitcoin 2025, Trump as usual, a whole bunch of other things, but first
0:35.5	some quick intros.
0:36.7	I'm your host, James
0:37.6	Stafer, trad by Archmaister, Lord of Bloomer's End. Here with Joe McCann, Lord
0:41.9	Commander of Asymmetric and Master of Bunk. Also joined by Noel Atchison, Hi, Seer and Keeper
0:46.8	of the Crypto's Macro Now newsletter. Hi, everyone. And last but not least, Rahm Alawalia, Macer of Wealth, leader Lumida.
0:54.7	How's it going?
0:55.3	This year.
0:57.8	We're here to discuss the latest stories in the worlds of crypto and macro.
0:59.7	Just remember that nothing to say here is investment advice.
1:03.2	Please check unjanecripto.com slash bits and bits for more disclosures.
1:04.8	Crypto moves fast.
1:12.0	It's why Bitwise launched the weekly CIO memo, a jargon-free summary of what's moving crypto markets, written by one of the best in the business, CIO Matt Hogan. Get up to speed in five minutes or less. Check it out at
1:18.3	bitwiseinvestments.com slash CIO memo. Carefully consider the extreme risks associated with
1:24.7	crypto before investing. Big news. Unchained just launched a brand new newsletter.
1:31.4	Bits and Bips. Just like this podcast, it's all about how crypto and macro collide, one basis point at a time.
	...

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