Unchained

Bits + Bips: How Trump’s Tariffs Are Bullish for Bitcoin Both Long- and Short-Term - Ep. 778


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Trump’s new wave of tariffs has reignited the debate: Are they good for the economy or a disaster waiting to happen? Some say tariffs will crush trade, boost inflation, and slow growth—but others argue they could weaken the dollar and send bitcoin soaring.

On this episode of Bits + Bips, Jeff Park of Bitwise, along with James Seyffart, Alex Kruger and Noelle Acheson, battle it out over the real impact of Trump’s tariffs, whether they could spark a new Plaza Accord 2.0, and why ETH took a harder hit than BTC in the latest selloff.

Plus, is Trump’s economic strategy really about making America great again—or just about keeping his own real estate empire afloat? Jeff makes a bold claim outlining Trump’s #1 goal—one that his personal wealth depends on.

Show highlights:
  • 2:38 - Why Jeff believes that people’s reaction to tariffs was bizarre
  • 7:09 - Why Jeff is convinced that tariffs are good for bitcoin
  • 10:18 - Why Alex is so against tariffs
  • 21:37 - How tariffs actually affect consumers
  • 27:36 - What’s Trump’s number one priority is, according to Jeff
  • 36:26 - Whether inflation will eventually come back to previous levels
  • 41:05 - Why ETH got hit the hardest on Sunday night
  • 49:56 - Whether the ETH/BTC ratio has bottomed
  • 51:03 - How Hyperliquid’s HYPE held up so strongly
  • 53:02 - The significance of Tether adding USDT to the Lightning Network
  • Hosts:
    • James Seyffart, Research Analyst at Bloomberg Intelligence
    • Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter 
    • Alex Kruger, Founder of Asgard

      Guest: 

      • Jeff Park, Head of Alpha Strategies at Bitwise
      • Previous appearance on Bits + Bips: The Real ‘Trump Trade’ & Why Trump's World Liberty Financial Was a Flop
      • Links
        • AP: Canada and Mexico agree with Trump to postpone tariffs by at least 30 days
        • Eric Trump on X: "In my opinion, it’s a great time to add $ETH."
        • Unchained: 
        • USDT Integrates With Bitcoin and Lightning Network
        • ETH Crashes After Trump Imposes Tariffs 


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          UnchainedBy Laura Shin

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