The Chopping Block: Bitcoin’s 200K Dream, Tariff Nightmares, & the Altcoin Exodus - Ep. 815

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 10 April 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. In this episode, the crew is joined by Jeff Park, Alpha Liaison at Bitwise, for a deep dive into the chaos gripping global markets and what it all means for crypto. With tariffs ripping through equities and whispers of stagflation on the rise, Jeff breaks down why Bitcoin might still be headed for $200K – and why MicroStrategy might be the new altcoin. They also unpack Circle’s delayed IPO, Ripple’s $1.25B acquisition, and whether capital markets are finally warming up to crypto. Show highlights 🔹 Bitcoin’s $200K Endgame? – Bitwise’s Jeff Park explains why BTC could thrive even in stagflation or full-on macro chaos 🔹 Tariffs, Stagflation & the Dollar – Why Trump’s “Liberation Day” tariffs might mark the end of U.S. stock market dominance 🔹 Bitcoin vs. Gold – Jeff breaks down how BTC is winning over the next-gen investor as the ultimate store of value 🔹 Altcoins Are Just Leverage – Why institutions may abandon alts for Bitcoin ETF options and MicroStrategy exposure 🔹 Circle’s IPO Delay – What Circle’s numbers really show, and why Coinbase is eating half their yield 🔹 Ripple Buys Hidden Road – The biggest crypto M&A ever? What it means for prime brokerage and TradFi on-chain 🔹 The Return of the Bitcoin Wolves – Jeff’s theory on “positive vs. negative rho” Bitcoin and how both narratives can win 🔹 The Impossible Trinity – Jeff connects the dots between FX regimes, U.S. dollar hegemony, and Bitcoin’s global role 🔹 Crypto’s Macro Decoupling – The panel debates whether Bitcoin is finally unhooking from traditional risk assets 🔹 The “Altcoin of TradFi” – MicroStrategy’s secret sauce, and why it’s become Wall Street’s favorite crypto casino Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tom Schmidt, General Partner at Dragonfly Guest ⭐️ Jeff Park, Head of Alpha Strategies & PM at Bitwise Asset Management Disclosures Links Circle S-1 Filing https://www.sec.gov/Archives/edgar/data/1876042/000119312525070481/d737521ds1.htm Ripple Acquires Prime Broker Hidden Road for $1.25B in One of the Largest Deals in the Digital Assets Space https://ripple.com/ripple-press/ripple-acquires-prime-broker-hidden-road/ Timestamps - 0:00 Intro 02:49 Impact of Tariffs on Crypto 03:27 Bitcoin's Role in Investment Portfolios 06:14 Retail vs. Institutional Investors 07:29 Bitcoin's Sensitivity to Interest Rates 12:31 Altcoins & Institutional Interest 15:02 MicroStrategy: The Altcoin of TradFi 23:25 Geopolitical Implications of Tariffs 36:55 Global Currency Models & Bitcoin's Role 38:20 Bitcoin's Performance in Different Economic Scenarios 45:12 Circle's IPO & Business Viability 57:31 Ripple Labs' Acquisition of Hidden Road Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Well, Bitwise's price target is 200K by the end of the year, and I still think we have a good shot at it.
0:04.9	Even in stagflation?
0:06.0	Yeah.
0:06.3	I think there is a version of it where Bitcoin still can be the fastest force in that world, where people do need to seek returns.
0:11.9	Okay.
0:12.2	So you think Bitcoin wins in stagflation.
0:14.2	Okay.
0:14.6	Let's say that instead of stagflation, Fed just starts, cutting, stimulating, QE, and that brings the economy back up and running.
0:23.0	Inflation is still high.
0:23.9	How do you think Bitcoin does that?
0:25.0	I say it does even better.
0:26.6	Not a dividend.
0:27.9	It's a tale of two pawn.
0:29.0	Now, your losses are on someone else's balance.
0:31.7	Generally speaking, air drops are kind of pointless anyways.
0:34.3	I'm into trading firms who are very involved.
0:37.3	I like that eatTH is the ultimate
0:38.7	top.
0:39.5	DFI protocols are the antidote to this problem.
0:42.8	Hello everybody.
0:43.6	Welcome to the chopping block.
0:44.8	Every couple weeks, the four of us get together
	...

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