The Milk Road Show Trump, Fed, US Debt, and the Greatest Bull Setup of All Time (Including Ethereum) w/ Scott Melker
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Jan 21, 2025 Scott Melker, known as the Wolf of All Streets, dives deep into the intersection of politics and crypto. He discusses the potential repercussions of Trump's political maneuvers on the crypto market, including speculation about executive orders. The conversation shifts to the U.S. debt crisis, examining its historical impact on market trends. Melker emphasizes a risk-on strategy for investors and explores the intricacies of Bitcoin and Ethereum, hinting at the possibilities of an altcoin season driven by growing institutional interest.
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Trump's Crypto Approach
- Trump's inauguration saw positive market response, but crypto enthusiasts were disappointed by the lack of immediate crypto-related actions.
- Scott Melker believes Trump's meme coin launch and appointments signal his crypto approach.
Debt Ceiling as a Meme
- The US debt ceiling is a recurring political drama, but historically it always gets raised.
- Melker suggests it's a 'meme' and highlights the ongoing debt spiral.
Recessions Made Illegal
- Melker recounts a quote from Matt Hogan: "Governments have made recessions illegal."
- He points out that governments continually intervene to prevent economic downturns, delaying inevitable consequences.