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Unchained
Bits + Bips: How Trump’s Tariffs Are Bullish for Bitcoin Both Long- and Short-Term - Ep. 778
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.
01:01:42
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Quick takeaways
- Trump's tariffs could significantly impact Bitcoin's value, positioning it as a potential hedge against economic instability over time.
- The emotional reactions to tariffs reveal the complex public sentiment surrounding their economic implications and potential effects on global trade.
Deep dives
Market Volatility and Meme Coins
The episode highlights the extreme volatility within financial markets, particularly focusing on the impact of leveraging meme coins. A notable case is mentioned where a prominent figure in the meme coin space used such coins as collateral for leveraged longs, putting into perspective the reckless trading behavior being observed. This behavior is characterized by trading assets that lack fundamental value and are profoundly volatile, demonstrating the precarious nature of relying on such collateral. The discussion emphasizes a 'easy come, easy go' mentality prevalent among traders, leading to significant losses for many participating in risky financial maneuvers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode