In this episode of Bits + Bips, hosts James Seyffart, Ram Ahluwalia, and Noelle Acheson are joined by Jamie Coutts to analyze Ethereum’s breakout and its improving fundamentals, how China’s “moderately loose” policy stance is changing the global liquidity landscape, and the pro-market implications of Paul Atkins leading the SEC. 

They also explore Jerome Powell’s and Putin’s takes on Bitcoin, the controversial CBOE withdrawal of the Solana ETF filing, and the role of Bitcoin in geopolitics.

Show highlights:

• How the employment data showed some mixed reactions in regard to next steps for the Fed
• Whether China will start a new era of augmented liquidity 
• Why the U.S. dollar getting stronger is bad for crypto prices
• How bitcoin is not a competitor to the U.S. dollar
• The significance of David Sacks as Crypto & AI Czar
• Why everyone believes that Atkins in the SEC is very positive for markets
• Whether China will pivot and adopt friendlier crypto regulation 
• Putin’s remarks on the role of bitcoin
• Why CBOE withdrew its SOL ETF filing
• Jamie’s analysis on how liquidity affects prices and where we’ll see a top 
• Why Ram thinks that MSTR has peaked
• Why Jamie believes that ETH will continue its momentum and perform better than the broader market
• Why Microsoft and Amazon might adopt bitcoin on their balance sheet
• Whether the breakthrough in quantum computing will disrupt Bitcoin
• How Solana’s daily fees have grown to a significant percentage of the L1 landscape

Hosts:

• James Seyffart, Research Analyst at Bloomberg Intelligence
• Ram Ahluwalia, CFA, CEO and Founder of Lumida
• Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter 

Guest:

• Jamie Coutts, Chief Crypto Analyst at Real Vision

Links

China Rally:

• China Politburo policy shift spurs surge in stocks, bonds | Reuters
• China Eases Overall Monetary Policy Stance for First Time in 14 Years

Fed and Powell:

• Decrypt: Fed Chair Jerome Powell Likens Bitcoin to Gold, Says It’s Not Dollar Rival

Timestamps:

• 00:00 Intro
• 01:42 Mixed signals from employment data and the Fed’s next steps
• 07:33 China’s “moderately loose” policy and its liquidity impact
• 13:32 Why a stronger U.S. dollar spells trouble for crypto
• 23:49 Bitcoin’s role alongside the U.S. dollar, not against it
• 27:49 David Sacks as Crypto & AI Czar: What it means for the industry
• 29:40 Why Paul Atkins at the SEC is a win for markets
• 34:00 Whether China could adopt a pro-crypto stance
• 37:53 Putin’s surprising take on Bitcoin’s geopolitical role
• 41:39 What’s behind the SOL ETF filings
• 43:25 Jamie’s take on crypto’s potential upside
• 46:49 Why Ram believes MSTR may have peaked
• 49:59 Jamie’s bullish outlook on ETH outperforming the market
• 56:26 Could Microsoft and Amazon add Bitcoin to their balance sheets?
• 59:05 The quantum computing breakthrough
• 1:01:05 Solana’s fees climb significantly—what does it mean?

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