TFTC: A Bitcoin Podcast #605: When This Trade War Will End with James Check
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Apr 11, 2025 James Check, an analyst at Checkonchain, joins the discussion to break down the current US-China trade war. He highlights the precarious state of the financial system and how tariff wars are impacting markets. The conversation explores the potential for recession and Bitcoin's role as a safe haven amidst economic turbulence. Check also delves into the dynamics of dollar devaluation and compares Bitcoin's resilience to other assets like gold. Listeners gain insights into how these economic challenges could reshape investment strategies.
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Bitcoin's Safe Haven Status
- Bitcoin wins in a world where central bankers devalue their currencies.
- It acts as a safe haven against fiat devaluation.
Cold Economic War
- A cold economic war, marked by tariff wars and fragile financial systems, has begun.
- The basis trade, leveraged on treasuries, is getting offsides, causing yields to blow out.
Games of Chicken
- The US and China are in a game of chicken with neither side likely to back down.
- This, combined with other tensions between Congress, Trump, the Treasury, and the Fed, creates a precarious situation.