Unchained Bits + Bips: Trump Will Soon Be President. Where Will Bitcoin and Crypto Prices Go? - Ep. 761
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Jan 8, 2025 This conversation features Charles Edwards, the founder of Capriole Investments, a quant fund specializing in Bitcoin strategies. They delve into Bitcoin's recent surge past $100K and the factors fueling its volatility. The discussion pivots to the economic implications of Trump’s presidency and the anticipated response from the Federal Reserve. Charles critiques the current state of AI agents in crypto and shares innovative possibilities for 2025, including potential supercycles and the future role of ETFs in the market.
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Bitcoin Price Action
- Bitcoin’s price reaching $100k is driven by market mechanics and liquidations.
- Round numbers like $100k often trigger price movements due to stop-loss orders.
Trump's Inauguration and Market Impact
- Trump's focus on stock market performance might be bullish for risk assets, including Bitcoin.
- His policies contain uncertainty, especially regarding tariffs, making Q1/Q2 volatile.
Factors Influencing Fed's Rate Decisions
- The Fed’s decision on interest rates hinges on job market strength and inflation.
- Trump might pressure the Fed, despite their focus on controlling inflation and reaching a 2% target.