Bell Curve

Crypto is the Last Truly Global Market | Roundup

6 snips
Apr 11, 2025
The conversation delves into the global demand for stablecoins like Tether, juxtaposed with the limited interest in the U.S. market. It navigates the complexities of U.S.-China trade relations and the impact of tariffs, along with the implications of trade deficits on the weakening dollar. The potential of cryptocurrencies as a global solution to economic challenges is explored, alongside the evolving landscape of IPOs amid uncertainties in the crypto market. Lastly, advancements in AI and open-source technology's influence on cryptocurrency are examined.
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ANECDOTE

HVAC Demand and Tariffs

  • Vance Spencer shared an anecdote about an HVAC business owner experiencing increased demand due to tariffs.
  • This demand pull-forward, driven by concerns about rising costs, may have mixed long-term effects.
ANECDOTE

Tariffs and Business Closure

  • Michael Manderson shared an anecdote about a large consumer goods company facing potential closure due to tariffs.
  • The company's input costs from Asia have doubled, making them unprofitable.
INSIGHT

Stablecoins and US Debt

  • The US, as the issuer of the world reserve currency, needs a consistent demand for its debt.
  • Reducing the US deficit might decrease the demand for US debt, potentially impacting global markets.
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