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MARKETS DAILY: Crypto Update | Despite Trade War Uncertainty, $175K Bitcoin Ahead

CoinDesk Podcast Network

CoinDesk

News, Daily News, Tech News, Business News

4.7698 Ratings

🗓️ 4 February 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Christine Lee and Zodia Markets CEO Usman Ahmad. To get the show every day, follow the podcast here. U.S. President Donald Trump’s trade war uncertainty has bitcoin price on a rollercoaster ride, but Zodia Markets CEO Usman Ahmad sees greater tailwinds ahead for the crypto markets with Trump’s executive order for a sovereign wealth fund and a path towards U.S. regulatory clarity. CoinDesk’s Christine Lee hosts “Markets Daily.” This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - From our sponsor:  In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee. “Markets Daily” is produced by Jennifer Sanasie, Christine Lee and edited by Victor Chen. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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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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