Crypto doesn’t reward fundamentals. It rewards attention. So what does that say about how investors, like Warren Buffett, would fare today?

In this week’s Bits + Bips, the crew dissects what’s really behind this rally, why Ethereum’s sentiment problem may run deeper than roadmap delays, and how the stablecoin bill turned into a political tug of war.

Plus:

Apple and NFTs: why this matters more than people think
Whether tariffs are about politics or actual policy
Why Bessent is “the best” in the Trump administration
And why Buffett’s era may be ending, with Portnoy rising in his place 😬

Sponsor:

Bitwise

James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard
Ram Ahluwalia, CFA, CEO and Founder of Lumida

Katalin Tischhauser, Head of Research at Sygnum Bank

Macro

Tariffs Threaten Semiconductor Supply Chains, Chip-Equipment Maker Warns
Bessent’s oped: Trump’s Three Steps to Economic Growth

ETH pivot

Unchained:

The Block:

CoinDesk: Ethereum Could Supercharge Transaction Speed to 2,000 TPS Thanks to Bold New Proposal
Simplifying the L1 by Vitalik Buterin

Stablecoin bill:

POLITICO: Why the Senate crypto bill is in turmoil
Latest on the Senate's "GENIUS Act" by Alex Thorn, head of research at Galaxy

Timestamps:

🚪 0:00 Intro

👋 1:01 Katalin’s background

📦 3:40 The real motive behind tariffs, according to Katalin

😬 11:43 What the market is forgetting to price in

🇪🇺 18:57 How Europe views Trump’s trade moves

🤝 21:33 Trump thinking that U.S. companies are cutting bad deals with China

🧠 26:04 Why Bessent’s op-ed made waves, and why Alex calls him the smartest in Trump’s crew

📉 29:13 The collapse in U.S. manufacturing employment, despite a surge in production

🧓 33:12 Buffett’s exit and his old-school take on tariffs in a new-school market

🌀 39:46 Will Ethereum’s pivot actually improve the price?

⚖️ 51:28 The impact of the political mess around the stablecoin bill

💸 53:53 Ripple’s attempted Circle acquisition and why Ram wouldn’t touch XRP

🍎 1:00:43 Importance of Apple quietly opening the door to NFTs and crypto sales

💱 1:03:34 What’s up with the Taiwanese dollar

💻 1:06:05 Why adding tariffs to chips could backfire big time

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