Closing Bell Closing Bell Overtime: Coinbase CEO From White House After Crypto Bill Signed Into Law; Private Assets In Your 401(k)? 7/18/25
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Jul 18, 2025 
Brian Armstrong, CEO and co-founder of Coinbase, shares insights live from the White House after a pivotal crypto legislation was signed by President Trump. He discusses the potential impact of the new laws on the crypto market and investment opportunities. Armstrong reflects on the evolving landscape of private assets in 401(k) plans and the complexities that come with them. The conversations also touch on the optimistic growth outlook in various sectors, driven by geopolitical changes and increasing defense spending.
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Global Market Diversification Benefits
- The global stock market is now more balanced, with overseas markets offering better valuation compared to the U.S. tech-heavy market.
- Investors have more opportunities to diversify globally rather than focusing only on U.S. large-cap tech stocks.
Fiscal Deficit Raises Bond Yield Risks
- The new $5 trillion fiscal deficit from the recent bill could push Treasury yields higher, pressuring equity valuations.
- Yields over 4.5% make bonds competitive with stocks, potentially limiting stock market gains.
Bitcoin's Newfound Market Maturity
- Bitcoin is maturing as an asset class, sometimes behaving like gold or tech stocks.
- The recent stablecoin regulation strengthens the crypto industry, now valued at $4 trillion.