Unchained Bits + Bips: How Trump’s Tariffs Are Bullish for Bitcoin Both Long- and Short-Term - Ep. 778
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Feb 5, 2025 
In this conversation, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management and a crypto expert, argues that Trump’s tariffs could actually benefit Bitcoin in the long run, despite mixed opinions on their economic impact. He debates how these tariffs might weaken the dollar, which in turn could increase Bitcoin's value. Jeff also shares his bold view on Trump’s true economic priorities, while the panel discusses why Ethereum suffered more than Bitcoin during recent market volatility. Expect insights on tariffs, inflation, and the evolving landscape of cryptocurrency.
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Historical Context of Tariffs
- Charging a tax for business in one's country was the historical norm.
- Modern perspectives are biased by the post-WTO/NAFTA free trade era.
Tariffs and Bitcoin
- Tariffs could weaken the dollar, boosting risk assets like Bitcoin.
- Foreigners might seek Bitcoin as insurance against their own leaders' economic policies.
Tariffs' Negative Economic Impact
- Tariffs are taxes that reduce efficiency, trade, and overall GDP growth.
- The US dollar's status as a reserve currency creates complexities in tariff impacts.