Bankless Tariffs, Trump, & Bitcoin Endgame | Jeff Park
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Feb 5, 2025 
In this engaging discussion, Jeff Park, Head of Alpha Strategies at Bitwise and author, dives into the implications of Trump's new tariffs on trade and their ripple effects on the U.S. dollar and Bitcoin. He explores how tariffs create instability, positioning Bitcoin as a safe haven amidst economic uncertainty. Park also discusses the potential for Bitcoin to thrive against the backdrop of low Treasury yields and devaluation. Political dynamics transforming Bitcoin's perception are examined, revealing a shifting landscape in the intersection of economics and crypto.
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Tariffs and Bitcoin
- Trump's tariffs create market chaos, which benefits Bitcoin.
- Bitcoin thrives in chaos, offering stability and hedging against debasement.
Fiscal Deficits and Bitcoin
- Fiscal deficits weaken a country's creditworthiness, impacting its currency.
- Bitcoin serves as a hedge against this debasement, acting as an alternative store of value.
Plaza Accord 2.0
- The Plaza Accord 1.0 involved a multilateral agreement to devalue the dollar.
- A similar Plaza Accord 2.0 may be necessary to address current economic challenges.