Bits + Bips: Why the Stock Market Wipeout Might Not Achieve What Trump Wanted - Ep. 802

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 19 March 2025

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The financial market is getting wrecked, inflation is still a problem, and bitcoin isn’t acting like the hedge that it’s supposed to be. Is this a real economic shift, or just noise? With tariffs, stagflation fears, and fiscal dominance taking center stage, hosts James Seyffart, Joe McCann, Ram Ahluwalia and Noelle Acheson break down: Why markets are struggling—and whether a recession or stagflation is coming Whether the Fed has become irrelevant How the stablecoin bill could rescue sales of treasuries Why bitcoin isn’t following gold’s rally The factors that could kickstart the next crypto boom The latest on all the dozens of crypto ETFs in the works Sponsors: Bitwise Hosts: 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 Links The stagflation trade Bloomberg: Stagflation Trade Emerges as Rare Winner in US Stock Market Rout Reuters: Fed's Powell gets chance to address trade war, stagflation fears Tweet by Noah Smith Budget bill Wharton: The FY2025 House Budget reconciliation and Trump Administration Tax Proposals: Budgetary, Economic, and Distributional Effects Stablecoin bill: Unchained: Stablecoin Bills Could Squeeze Out $140 Billion Tether CoinDesk: U.S. Senate Takes First Big Step to Advance Stablecoin Bill Solana futures Cointelegraph: Solana futures finish first trading day on CME Solana ad Unchained: Solana Deletes ‘Cringe’ Ad After Crypto Community Backlash Timestamps: 👋 0:00 Intro 📉 1:39 Stagflation fears and which tariffs actually matter for the economy 🌎 6:11 Why the outlook for commodities is so uncertain 📊 10:49 Is the Trump administration sabotaging itself? 🐶 16:57 Why DOGE’s role in the market is bigger than you think 📉 23:51 Why the 10-year yield isn’t dropping as expected 💰 28:04 Will shrinking liquidity grind the market to a halt? 🏛️ 32:37 Why the Fed has become irrelevant 🔄 36:53 Is quantitative tightening (QT) ending? Plus, one key thing crypto investors don’t get ⚠️ 41:13 Why a recession is not a foregone conclusion 🥇 48:25 Gold is hitting all-time highs—so why isn’t bitcoin following? 🏦 51:24 How the stablecoin bill could save US government finances 🚀 1:01:47 How bitcoin gets its next rally 📉 1:07:16 The hidden benefit of CME SOL futures ✅ 1:12:15 The latest on pending crypto ETF approvals 📣 1:17:26 Reactions to the controversial Solana ad Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	How do you expect to get the business community to rally behind you when you're
0:05.6	eviscerating the value of the stock market, which also is a revenue source for the federal
0:10.6	government?
0:11.6	It's just very bizarre to me.
0:13.2	And I think we saw this over this past weekend.
0:16.5	You're starting to see some of the media come out kind of hit Trump pretty hard on this stuff.
0:20.6	He may be starting to hear from some of his constituents come out kind of hit Trump pretty hard on this stuff. He may be starting
0:21.4	to hear from some of this constituents in the business community of saying like, hey, like, we're
0:25.9	team Trump, but like maybe toned down the recessions are cool rhetoric? Hi, everyone. Welcome to bits
0:33.3	and bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Safer, Tradfai Archmaister, Lord of Bloomberg's End. Here with Joe McCann, Lord Commander of Asymmetric,
0:42.8	and Master of Bonk. Also joined by Noel Atchison, Highseer and Keeper of the Crypto is Macro now
0:47.7	newsletter. Hello, everyone. And finally, Rahm Al-Alawalia, ma master of wealth, leader of Lumida. How's it going?
0:56.8	We're here to discuss the latest stories in the worlds of crypto and macro.
0:58.7	Just remember the nothing you say here is investment advice.
1:02.1	Please check unchaincrypto.com for more disclosures.
1:03.9	Crypto moves fast.
1:09.5	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
1:11.8	business, CIO Matt Hogan. Get up to speed in five minutes or less. Check it out at bitwiseinvestments.com
1:18.9	slash CIO memo. Carefully consider the extreme risks associated with crypto before investing.
1:25.9	All right, we got a full house with no special guest actually.
1:29.3	So this is, I remember the last time we had one of these where we had four of the main crew.
1:33.3	So this will be fun.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.