The Milk Road Show

Fidelity Digital Assets VP on Macro Environment & the Long-Term Effects of Tariffs

8 snips
Apr 4, 2025
Guest
Chris Kuiper
Chris Kuiper, Director of Research at Fidelity Digital Assets, dives into the macro trends affecting cryptocurrencies. He elaborates on the implications of U.S. tariffs and stagflation, positioning Bitcoin as a potential 'digital gold' during economic uncertainties. Kuiper discusses how trade wars can impact corporate investments and the resilience of digital assets. He also explores Bitcoin’s unique characteristics in price discovery and contrasts retail fears with institutional optimism, all while emphasizing the importance of stablecoins amid shifting financial landscapes.
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INSIGHT

Market Reactions and Tariffs

  • Unexpected events move markets; expected news has no impact.
  • Tariffs exceeding expectations caused a market sell-off, reaching century-high levels.
INSIGHT

Stagflation and Gold

  • Stagflation talks are rising, consider the contrarian view.
  • Watch gold's performance alongside stagflation discussions; it often precedes CPI rises.
INSIGHT

Bitcoin's Decoupling and De-dollarization

  • Bitcoin, treated like a tech stock, may decouple as investors recognize it as digital gold.
  • The dollar's reaction to tariffs suggests potential de-dollarization, favoring gold and possibly Bitcoin.
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