CoinDesk Podcast Network What Would Empty U.S. Shelves Mean for Crypto? | COINDESK DAILY
May 1, 2025
The discussion kicks off with an analysis of how new U.S. tariffs are squeezing the economy, marking a worrying contraction. Amidst supply chain chaos, Bitcoin shines brighter, suggesting resilience as investors adjust their expectations. The conversation also touches on impressive earnings from giants like Robinhood, Microsoft, and Meta, juxtaposed with Ripple's failed bid for Circle. As market trends shift, the potential for a Fed rate cut in May looms larger, stirring excitement in the crypto space.
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Tariffs Impact U.S. Economy
- Trump's reciprocal tariffs are starting to disrupt the U.S. economy, causing the first contraction in three years last quarter.
- These tariff-driven supply chain disruptions could cause shortages similar to the COVID era by mid-2025.
Bitcoin vs. Market Downturn
- Bitcoin has outperformed the Nasdaq by 11% since early April, showing resilience amid economic downturn.
- Investors are increasingly using Bitcoin as a safe haven alongside gold and Swiss francs.
Market Rebounds on Fed Outlook
- Equities and Bitcoin appear to have recoupled, rebounding on hopes of a Federal Reserve interest rate cut.
- Weak payroll reports may lead Fed Chair Jerome Powell to adopt more dovish policies.