Bits + Bips: How Trump’s Tariffs Are Bullish for Bitcoin Both Long- and Short-Term - Ep. 778

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 5 February 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Subscribe to our newsletter! https://unchainedcrypto.beehiiv.com/subscribe Trump’s new wave of tariffs has reignited the debate: Are they good for the economy or a disaster waiting to happen? Some say tariffs will crush trade, boost inflation, and slow growth—but others argue they could weaken the dollar and send bitcoin soaring. On this episode of Bits + Bips, Jeff Park of Bitwise, along with James Seyffart, Alex Kruger and Noelle Acheson, battle it out over the real impact of Trump’s tariffs, whether they could spark a new Plaza Accord 2.0, and why ETH took a harder hit than BTC in the latest selloff. Plus, is Trump’s economic strategy really about making America great again—or just about keeping his own real estate empire afloat? Jeff makes a bold claim outlining Trump’s #1 goal—one that his personal wealth depends on. Show highlights: 2:38 - Why Jeff believes that people’s reaction to tariffs was bizarre 7:09 - Why Jeff is convinced that tariffs are good for bitcoin 10:18 - Why Alex is so against tariffs 21:37 - How tariffs actually affect consumers 27:36 - What’s Trump’s number one priority is, according to Jeff 36:26 - Whether inflation will eventually come back to previous levels 41:05 - Why ETH got hit the hardest on Sunday night 49:56 - Whether the ETH/BTC ratio has bottomed 51:03 - How Hyperliquid’s HYPE held up so strongly 53:02 - The significance of Tether adding USDT to the Lightning Network Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter Alex Kruger, Founder of Asgard Guest: Jeff Park, Head of Alpha Strategies at Bitwise Previous appearance on Bits + Bips: The Real ‘Trump Trade’ & Why Trump's World Liberty Financial Was a Flop Links AP: Canada and Mexico agree with Trump to postpone tariffs by at least 30 days Eric Trump on X: "In my opinion, it’s a great time to add $ETH." Unchained: USDT Integrates With Bitcoin and Lightning Network ETH Crashes After Trump Imposes Tariffs Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	A lot of people just died in financial market terms.
0:05.4	There was some crazy stories.
0:07.2	You started seeing all of these people talking on Twitter,
0:09.5	how they just blew up this.
0:10.6	This crazy story about this guy who's supposed to be like OIG of source in the
0:16.1	mincoin space.
0:17.0	I had like some massive mug and pepebacks.
0:20.8	And he goes and uses them as collateral
0:23.5	for levered longing with 1.1 leverage. I mean, just to put in perspective, the kind of thing
0:33.7	that people are doing out there is like using a meme coin that has no fundamental
0:38.9	value that is insanely volatile as collateral for longs, levered longs. You already have a lot
0:45.9	of leverage on that meme coin by itself. So, yeah, easy comes as it goes for some, unfortunately.
0:53.0	Hi, everyone.
0:57.8	Welcome to bits and bips, exploring how crypto and macro collide one basis point at a time.
1:01.4	I'm your host, James Safert, Tradfai Archmaister, Lord of Bloomberg's End.
1:05.7	Here with Alex Kruger, Kruger of House Asgard, Protector of the Realm.
1:06.6	Hey, guys.
1:11.3	Also with Noel Atchison, high seer and keeper of the Crypto is Macro Now newsletter.
1:12.5	Hello, everyone.
1:15.9	We're here to discuss the latest stories in the worlds of crypto and macro.
1:18.1	Just remember that nothing we say here is investment advice.
1:22.0	Please check Unchained Crypto.com slash Bips and Bips for more disclosure.
	...

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