Markets are nervous, liquidity is drying up, and political messaging is inconsistent at best.

In this week’s Bits + Bips, the crew unpacks the shifting mood across capital markets and what it will take to bring back the risk-on energy. From Trump’s high-stakes tariff strategy to whispers of deregulation, tax cuts, and even capital flooding, the stakes are rising.

Plus:

What would trigger a “Trump put”
Will crypto finally benefit from the global chaos?
Whether the devaluation of the yuan could be a big moment
And how animal spirits might return… if they’re properly incentivized

Show highlights:

Sponsors:

Bitwise

Hosts:

James Seyffart, Research Analyst at Bloomberg Intelligence
Joe McCann, Founder, CEO, and CIO of Asymmetric
Ram Ahluwalia, CFA, CEO and Founder of Lumida
Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter

Links

Timestamps:

👋0:00 Intro

🥊 1:54 Who won the All-In Sacks vs. Summers debate?

🌍 8:01 Why Trump’s 130-country strategy might reshape global trade

💧 18:32 Does the market have a creeping liquidity crisis?

📈 26:15 What might actually make Trump pivot before the midterms

📉 32:18 How hedge funds are quietly bracing for more chaos

🥇 36:52 Why gold and crypto are standing out in this macro mess

🎭 40:15 How Trump’s love of media attention impacts his strategy

🚀 48:02 What might finally reignite serious crypto interest

🧠 53:01 Can investor confidence return without real economic momentum?

💣 1:08:27 Why the yuan’s devaluation could be a major crypto inflection point

🐉 1:14:02 Ram’s strategy to disrupt China’s power plays

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Persistence, Patience, and Posies | Patricia Ravert | July 2012