The Wolf Of All Streets Crypto on Edge: Will Tariff News Spark Chaos? | Crypto Town Hall
Apr 2, 2025
The hosts dive into the clash between traditional finance and crypto innovation, debating how outdated legal frameworks hinder progress. They analyze anticipated tariffs and their potential chaos in the market, especially regarding gold and cryptocurrencies. The intricacies of yield-bearing stablecoins and legislative proposals like the Stable Act are explored, shedding light on potential risks for investors. Additionally, the group examines Bitcoin's resilience, market transformation, and the future of digital currencies amidst shifting perceptions.
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Macro Play
- Mike McGlone is bullish on gold and less bullish on cryptocurrencies.
- He believes tariffs will reduce corporate profits, impacting the stock market and correlated cryptos.
Chaos Priced In
- Scott Melker believes the market has priced in the expected chaos from tariffs.
- He questions what surprise announcement could significantly impact the market.
Bitcoin Dominance
- Mike McGlone predicts Bitcoin dominance will increase despite an expected drop in crypto prices.
- He expects a 10% drop in the S&P 500 and a continued bear market for altcoins.