Bits + Bips: Will Rate Cuts and Trump's Policies Spark a Bitcoin Supercycle? - Ep. 737

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 20 November 2024

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin and SOL are flirting with all time highs, Ethereum is lagging behind, and the next six months could define the trajectory of crypto markets. In this episode of Bits + Bips, James Seyffart, Alex Kruger, and guest David Grider unravel the key stories driving the space: What could a meeting between Trump and Coinbase’s Brian Armstrong mean for crypto policy? Could a new Treasury Secretary pick become the industry’s biggest ally? And is Ethereum’s underperformance hiding a major comeback? Plus, what crypto categories might be winners in the near future. Show highlights: What the potential meeting of Trump with Brian Armstrong shows Which pick for the Treasury Secretary position would be most positive for crypto Whether Michael Saylor has been driving the bitcoin market Whether rate cuts are coming in December and what impact it’s having on the markets How tariffs are not as bad as people think, but massive deportation is, according to Alex Why a potential Treasury General Account (TGA) rundown would be bullish for the markets Whether traders will be taking profits at the $90,000 bitcoin level How ETH has been underperforming and why David sees a silver lining How the lack of institutional interest in ETH has changed dramatically since the election Why David is so optimistic about restaking across different ecosystems What the outlook for crypto regulation looks like in the near future and what will benefit the industry Why James believes that we’ll have in-kind creations and redemptions for bitcoin ETFs under new SEC leadership What the future trajectory of bitcoin’s price is and the role of a strategic bitcoin reserve How different categories within crypto will perform in the markets Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Guest: David Grider, Partner at Finality Capital Links Trump and politics: Unchained: Donald Trump to Meet Coinbase CEO Brian Armstrong: Report Truth Social in Talks to Acquire Crypto Platform Bakkt Who Might Trump Pick for S.E.C. Chair? This Is Who Jay Clayton Hopes to See The Trump-Connected Brad Bondi Is a New SEC Chair Contender and Pro-Crypto A Degen Administration? Why the Crypto Czar May Be Allowed to Own Tokens Markets: Unchained: Spot Ether ETFs See Record $515 Million Weekly Inflows Solana dApps See Massive Fees Amid Memecoin Frenzy Bitcoin ETF options: Unchained: Bitcoin Hits New All Time High as IBIT’s First-Day Volume Nears $1.9 Billion Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto Timestamps: 00:00 Intro 02:31 What a Trump-Brian Armstrong meeting means for crypto 07:36 Who could be crypto’s biggest ally as Treasury Secretary 12:43 Is Michael Saylor driving bitcoin’s rally? 14:46 Whether December rate cuts will shake the markets 19:33 Tariffs vs. deportation: What’s worse for crypto? 26:03 Whether a Treasury General Account rundown would be bullish for markets 30:19 Whether traders will take profits at $90K Bitcoin 35:50 Why ether’s underperformance might hide a comeback 47:15 Whether institutional interest in ETH has turned around 51:49 Why David is bullish on restaking across ecosystems 54:09 What’s next for crypto regulation and industry growth 1:06:55 Whether new SEC leadership would greenlight better bitcoin ETF structures 1:09:10 Whether strategic Bitcoin reserves could drive its price higher 1:17:25 Which crypto categories could lead the next rally Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So I think we continue going up and this is the time where if you're running a spot, you just let it ride.
0:07.0	Hi everyone, welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time.
0:13.0	I'm your host, James Saferred by Archmaister, Lord of Bloomberg's End.
0:17.0	Here with Alex Kruger, Kruger Macro of House Asgard, Protector of the Realm.
0:22.5	We're here to discuss the latest stories in the worlds of crypto and macro news. Just remember that
0:26.2	nothing we say here is investment advice. Please check UnchainedCrypto.com slash bips and bips for more
0:31.8	disclosures. Today we're joined by David Greider, Lord of Finality from the restaking realm. How's it going, David?
0:38.8	Hey, everyone. Glad to be here. Yeah, before we get into it, why don't you give a little
0:42.3	background about who you are, what you do, how you started in crypto, and then we'll get
0:46.5	into the current topics of the day. Yeah, happy to. Let's see. So I run the liquid fund at
0:52.7	Finality Capital. Finality is originally a venture fund.
0:56.4	I've done very well in crypto. We made some early investments in known for things like
1:02.3	Eganlear, Babylon, Monad, Athena, Celestia, Ando, Dewey, being early in many of those.
1:09.9	I launched a liquid fund back in July. I've been in
1:12.1	crypto a while. I've been at crypto personally since 2015, professionally since 2017.
1:18.9	Launched a one of the early waves of crypto funds. I launched a small crypto fund in the 2017-18 cycle.
1:24.6	So I've been at this a while. It did really well, but it was just our money didn't
1:29.1	get it big enough. So I went to something, most people probably know Tom Lee and Fundstrat.
1:34.1	I was head of crypto research there. So I was head of a digital asset strategy, ran that business
1:39.3	for a number of years. Eventually went to a gray scale. And was head of research there, Pervit, launched
1:46.5	some innovative products, you know, someone being like Salon of Trust and others, got back to
1:51.2	investing at another $50 million fund called Teffra and then before coming back over the start
	...

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