MARKETS DAILY: Crypto Update | Despite Trade War Uncertainty, $175K Bitcoin Ahead
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 4 February 2025
⏱️ 17 minutes
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| 0:00.0 | Finally enough, I was pretty close to my production. |
| 0:02.0 | I did say 100,000 for average 24. |
| 0:04.0 | So I said that at the beginning of 24. |
| 0:06.0 | Where I think we're going to be for BTC at the end of this year, |
| 0:09.0 | 100 175. |
| 0:14.0 | We all want to believe in something. |
| 0:19.0 | In Chinese, belief also means trust. We want to trust our systems and each other, so we can build a future beyond what we know. |
| 0:28.0 | Join us at Consensus Hong Kong, where belief becomes real. |
| 0:32.5 | U.S. President Donald Trump's trade war uncertainty has Bitcoin price on a roller coaster ride. |
| 0:38.7 | Joining us now discuss the crypto markets and more is Usman Ahmad. |
| 0:42.2 | He's the CEO, co-founder of institutional trading platform, Zodia markets. |
| 0:47.2 | Welcome, Uzman. Good morning. |
| 0:50.1 | Absolutely pleasure to be here. Thank you, Christine. I look forward to chatting. |
| 0:55.9 | All right. So Bitcoin is recovering from below $92,000 to over $100,000 when a deal was reached with Canada and Mexico to delay tariffs at least. |
| 1:04.7 | But those gains were kept in check once tariffs against China went to effect. |
| 1:10.6 | So give me your sense of what you see happening with this trade war uncertainty in the |
| 1:17.6 | crypto markets. |
| 1:18.6 | Well, I think I wouldn't be arrogant enough to just talk about the crypto markets. |
| 1:24.6 | So trade war uncertainty, I think it's going to be a macro and geopolitical |
| 1:28.7 | implication for markets more broadly. For me, it was interesting and unsurprising to see Bitcoin |
| 1:36.8 | and other crypto assets will react very similar to other kind of macro risk on assets. So we saw, |
| 1:43.5 | in essence, we saw it play out in real |
... |
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