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Motley Fool Money

Crypto's New Backer

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 5 March 2025

⏱️ 34 minutes

🧾️ Download transcript

Summary

BlackRock wants to buy ports; Trump wants to buy crypto. (00:21) Asit Sharma and Mary Long discuss: - How investors can prepare for potential “disturbance.” - BlackRock’s latest acquisition. - The reasons for and against a national “strategic reserve” of cryptocurrency. Then, (14:50), Ricky Mulvey and Mary go to a crypto conference in downtown Denver. Tickers mentioned: BLK, CKHUY, BTC, ETH, XRP, SOL, ADA Host: Mary Long Guests: Asit Sharma, Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're going to Washington. Well, kind of. You're listening to Motley Full Money.

0:20.7

I'm Mary Long, joined today by Asset Sharma.

0:23.6

Asit, always a pleasure to have you on the show.

0:25.5

Thanks for being here.

0:26.6

Mary, thank you for inviting me once again.

0:28.8

So we got kind of an interesting, an interesting show today.

0:32.3

We're going to focus on a couple different stories that's kind of stood at the intersection of policy and stuff

0:38.3

that's happening in Washington, but that also do have an impact, not just on the economy, but on

0:42.3

investors in particular. We'll kick things off with Trump's speech last night. Last night,

0:48.1

President Trump delivered a one hour and 40-minute speech to Congress. There were a lot of

0:54.0

headlines out there this morning that are covering the speech. There were a lot of headlines out there this

0:54.9

morning that are covering this speech. But Politico kind of summed it up this way this morning,

0:59.5

saying, quote, this was not a speech that shifted the news dial at all. New policy announcements

1:04.4

were few and far between. What did shift the news dial yesterday was really the implementation

1:09.7

of tariffs that have been talked about

1:12.3

for a while, but finally went into effect yesterday. Trump kind of took yesterday's speech as an

1:17.7

opportunity to double down on the rollout of these tariffs. During last night's address,

1:22.9

Trump confirmed that new reciprocal tariffs on goods imported from a wide range of countries will begin

1:28.4

on April 2nd, notably not April 1st, because that's April Fool's Day.

1:33.7

There was a bit of a joke.

1:34.1

Unless there be any confusion there, right?

1:35.7

Yeah, there was a bit of a joke.

...

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