CRYPTO 101
Crypto Rundown: How Will Bitcoin Trade on Tariffs?! This Fact Will SHOCK You
Apr 4, 2025
Brendan and Tevo dive into the wild world of cryptocurrency, examining how recent tariffs are shaking up the markets. They highlight Bitcoin's unexpected strength, showcasing its potential as a safe haven during economic turbulence. The conversation also covers BlackRock's exciting Bitcoin ETF and the wider financial uncertainty. Plus, there's a fun twist as they discuss Fortnite's cool feature that lets players mine Bitcoin while gaming, blending culture with crypto in a fascinating way.
18:34
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Quick takeaways
- Bitcoin demonstrated remarkable resilience during recent market volatility, positioning itself as a potential safe haven asset amidst economic uncertainty.
- The influx of $65 million into BlackRock's Bitcoin ETF highlights growing investor confidence and trust in Bitcoin's future despite traditional market instability.
Deep dives
Market Reactions to Tariff Announcements
Recent tariff announcements from President Trump had a significant impact on the stock markets, causing a sharp downturn. Following the release of a chart criticizing tariffs, the S&P experienced a 3% gap down, marking one of its largest declines in decades. As the markets faced volatility, there was a noted comparison to historical downturns during major financial crises, highlighting the gravity of the situation. The podcast emphasized that these macroeconomic changes should be viewed from a higher perspective, indicating the necessity of understanding their impact on market momentum without delving too deeply into the specifics of the tariffs themselves.
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