Unchained

Bits + Bips: The Real ‘Trump Trade’ & Why Trump's World Liberty Financial Was a Flop - Ep. 723

Oct 23, 2024
Guest
Jeff Park
Join Jeff Park, Head of Alpha Strategies at Bitwise and a crypto asset management expert, as he dissects the latest in cryptocurrency. He critiques a controversial ECB paper on Bitcoin, calling it misguided. The rise in institutional interest for Bitcoin ETFs is explored, alongside the intriguing concept of the 'Trump trade' and its potential effects on altcoin markets. Plus, they discuss the emergence of AI memecoins and the implications of Stripe's significant acquisition in the crypto space, highlighting the evolving landscape of digital assets.
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INSIGHT

ECB Bitcoin Paper

  • The ECB paper argues that Bitcoin's rising value fuels societal division.
  • This argument applies to any appreciating asset, including stocks.
INSIGHT

Minneapolis Fed Report

  • A Minneapolis Fed report suggests prohibiting or taxing Bitcoin.
  • This is because it allegedly hinders government control over deficits and debt.
INSIGHT

ECB Author Bias

  • The ECB co-author has worked there since 1998, showing potential bias.
  • Their argument centers on wealth redistribution, not Bitcoin's inherent worth.
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