Unchained
Unchained
Laura Shin
Bits + Bips: The Real ‘Trump Trade’ & Why Trump's World Liberty Financial Was a Flop - Ep. 723
1 hour 25 minutes Posted Oct 23, 2024 at 4:00 pm.
Intro
Why the ECB’s Bitcoin paper missed the mark
Political motivations behind the Minneapolis Fed report on Bitcoin
Rising institutional demand for spot Bitcoin ETFs
How Trump’s poll momentum could impact crypto
Are election polls and Polymarket bets manipulated?
Why the Fed is prioritizing jobs over inflation
When will Bitcoin ETF options launch?
What makes memecoins, including AI memecoins like GOAT, succeed?
The significance of Stripe’s $1.1 billion crypto deal
Why the WLFI token sale was a “flop”
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Show notes
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Jeff Park of Bitwise to discuss some of the latest developments in the crypto world. They share their thoughts on a controversial ECB paper about Bitcoin, breaking down why they believe the authors missed the mark. They also dive into the rising institutional interest in spot Bitcoin ETFs and how Trump’s momentum in the polls could impact the market, especially for altcoins. Plus, the conversation explores the significance of Bitcoin ETF options and why they could have a larger impact than many expect.Show highlights:
Why the guys believe that the ECB paper on Bitcoin is a joke
How the Minneapolis Fed report said that prohibiting Bitcoin would allow the government to operate at permanent deficits 
The institutional demand for spot bitcoin ETFs
How Trump has been rising in the polls and what the Trump trade looks like at the moment
Whether polls and Poylmarket bets on the U.S. elections are manipulated
How the Fed is putting more focus on jobs than inflation
When the bitcoin ETF options might launch and which issuers will get it first
How memecoins succeed and the rise of AI memecoins like GOAT, fueled by the AI bot truth_terminal
What the $1.1 billion acquisition by Stripe of stablecoin company Bridge means 
Why Donald Trump’s World Liberty Financial token sale was a flop
Sponsors:
Gemini
Stellar 
Hosts:
James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard
Joe McCann, Founder, CEO, and CIO of Asymmetric
Guest:
Jeff Park, Head of Alpha Strategies at BitwiseLinks
ECB paper on bitcoin: Bitcoin Appreciation Could Be ‘Fuelling The Division Of Society’
Omid Malekan’s rebuttal to the paper by Bindseil & Schaaf (of the ECB)
Minneapolis Fed report: Unique Implementation of Permanent Primary Deficits? | Federal Reserve Bank of Minneapolis
Alex Kruger’s tweet on memecoins 
Alex Thorn’s tweet on bitcoin adjusted by inflation
Timestamps:
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