Raoul Pal: The Journey Man cover image

Raoul Pal: The Journey Man

Why the Market is Panicking—And What Comes Next w/ Andreas Steno

Mar 20, 2025
Andreas Steno Larsen, a business cycle analyst and hedge fund manager, dives into the current turbulence in the markets. He discusses the repercussions of recent import tariffs and how they are reshaping economic landscapes. Larsen highlights the challenges investors face amid inflation and liquidity concerns while offering a cautiously optimistic outlook. He also touches on the dynamics of the dollar, Bitcoin, and specific investment opportunities like a Japanese Bitcoin treasury. This insightful conversation captures the essence of navigating market uncertainties.
44:47

Podcast summary created with Snipd AI

Quick takeaways

  • The front-running of tariffs has temporarily inflated U.S. economic activity, suggesting upcoming adjustments may not indicate an actual recession.
  • Bitwise's commitment to supporting crypto innovation by donating a portion of ETF profits underscores their role as a leader in the industry.

Deep dives

Bitwise's Leading Role in Crypto Management

Bitwise stands out as a premier crypto asset manager, currently managing over $10 billion in client assets. With more than 20 products available, the firm caters to various investor needs, showcasing its commitment to providing comprehensive access to the crypto market. Notably, Bitwise has contributed to the broader ecosystem by donating 10% of profits from its Bitcoin and Ethereum ETFs to open-source developers. This dedication not only highlights Bitwise's operational capabilities but also underlines its role in promoting innovation within the crypto space.

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