U.S. crypto reserve takes shape
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 3 March 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.1 | Good morning. Today is Monday, March 3rd. I'm Julie Morgan. |
| 0:13.1 | Cryptocurrencies rally as the Crypto-Stratologic Reserve take shape. |
| 0:17.9 | Protesters spend their weekend at Tesla dealerships. And are U.S. stocks in a superbubble? |
| 0:24.1 | Jeremy Grantham says yes. Bitcoin briefly crossed 95,000 on Sunday after President Trump talked up |
| 0:32.1 | cryptocurrencies and named five digital assets he expects to include in a new U.S. Crypto Strategic Reserve. |
| 0:39.5 | Other cryptocurrencies also rallied as the president named previously unannounced digital |
| 0:44.5 | assets for his planned crypto reserve. Trump on social media said his January executive order |
| 0:50.6 | would create a crypto stockpile that will include Bitcoin, Ethereum, XRP, |
| 0:56.0 | SOL, and ADA. |
| 0:57.7 | Bitcoin jumped over 10%, Ethereum 12%, XRP, 31%, Solana, 21%, and ADA, nearly 60%. |
| 1:08.5 | Trump's order issued in January, talked about the potential creation and maintenance |
| 1:13.4 | of a national digital asset stockpile, but did not specify any tokens. He's hosting the first |
| 1:20.6 | White House crypto summit on Friday. Legendary market strategist Jeremy Grantham said the U.S. stock market is in a super bubble, |
| 1:30.3 | ranking it the third behind Japan's bubble in 1989 and the real estate bubble of the same era. |
| 1:36.5 | He said on a Bloomberg podcast interview that he's always looked at it from the point of view |
| 1:41.0 | that the longer and the bigger and the higher it goes, the more exciting |
| 1:45.4 | and dangerous it will be, and this has moved up the rank of super bubbles. He added that this is |
| 1:51.3 | nowhere near Japan, the mother and father of all super bubbles in 89, and it's also nowhere near |
| 1:57.6 | their real estate bubble of the same era. This is not the first time the co-founder |
| 2:02.0 | of asset management firm GMO has predicted Doom. He warned investors to avoid U.S. stocks in |
| 2:08.6 | 2024 and predicted a 50% drop in 2023. The S&P 500 ended both years with gains exceeding 23%. |
... |
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