Tariffs, Trump, & Bitcoin Endgame | Jeff Park
Bankless
[email protected]
4.8 • 1.1K Ratings
🗓️ 5 February 2025
⏱️ 51 minutes
🧾️ Download transcript
Summary
Donald Trump’s newly announced 25% tariffs on Canada and Mexico (and 10% on China) have rattled global markets and sparked fresh uncertainty around the U.S. dollar. According to Bitwise’s Jeff Park—whose article “Tariffs, Triffin, and Trump: How the End Game Sends Bitcoin Vertical” has gone viral—this policy shift is fueling one of the biggest crypto-macro convergences since COVID. In this episode, we explore how these cascading forces could radically suppress Treasury yields, devalue the dollar, and propel Bitcoin into unprecedented territory.
------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotifya-premium
------
BANKLESS SPONSOR TOOLS:
🪙FRAX | SELF SUFFICIENT DeFi
https://bankless.cc/Frax
🦄UNISWAP | BUG BOUNTY PROGRAM
https://bankless.cc/Uniswap-Bug-Bounty
⚖️ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🌐CELO | BUILD TOGETHER AND PROSPER
https://bankless.cc/Celo
🏦ONDO | INSTITUTIONAL GRADE FINANCE
https://bankless.cc/Ondo
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/27
------
TIMESTAMPS
0:00 Intro
2:40 Trump Tariffs & Bitcoin Connection
4:09 Fiscal Deficit Benefits
7:28 Plaza Accord 1.0 & 2.0
14:12 Tariffs Now vs. 8 Years Ago
16:55 What Happens Next?
19:36 Lowering 10-Year Rate
22:10 Fiscal Dominance Policy Control
23:28 The Triffin Dilemma
29:01 Bitcoin’s Impact
32:16 Trump Advocation of Bitcoin
35:10 Crypto & Real Estate
37:06 Eric Trump’s ETH Tweet
39:22 10-Year Yield Rate Lowering Invetitabilty
42:07 Bitcoin & Other Crypto Risk Assets
47:17 Bitwise’s Dogecoin ETF
50:05 Closing & Disclaimers
------
RESOURCES
Jeff Park
https://x.com/dgt10011
Jeff Park’s Thread
https://x.com/dgt10011/status/1886125163642552606
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bankless Nation, Terrace, Driffin, and Trump, how the end game sends Bitcoin vertical. |
| 0:10.4 | This is the title of a short article written by Jeff Park, who is the head of Alpha Strategies from our friends over at Bitwise. |
| 0:17.9 | Jeff thinks that the incentives and actions of Donald Trump and his administration |
| 0:21.8 | is creating one of the biggest intersections with crypto and the macro markets that we've ever |
| 0:25.6 | seen, even greater than COVID. We're recording this episode on the back of Trump's 25% tariffs |
| 0:30.6 | on Canada and Mexico and 10% tariffs on China. Jeff thinks that this is just the beginning. |
| 0:35.7 | Not necessarily with just tariffs, but of what |
| 0:38.6 | Jeff thinks is the logical conclusion of United States Monetarian Fiscal Policy, which he thinks is |
| 0:43.8 | extremely low 10-year yields and a devalued dollar, both things which materially favor Bitcoin |
| 0:50.1 | and risk assets. I'll let Jeff explain it himself right after we talk to some of these |
| 0:54.6 | fantastic sponsors that make this show possible. With over $1.5 billion in TVL, the M.Eath protocol |
| 1:00.0 | is home to M.Eath, the fourth largest ETH liquid staking token, offering one of the highest APRs |
| 1:05.1 | among the top 10 LFTs. And now, CMEEth takes things even further. This restaked version captures multiple yields across Kerak, eigenlayer, symbiotic, and many more, |
| 1:13.8 | making CMEath the most fission and most composable LRT solution on the market. |
| 1:18.0 | Metamorphosis, season 1, dropped $7.7 million in Cook rewards to M-Eath holders. |
| 1:23.6 | Season 2 is currently ongoing, allowing users to earn staking, re-staking, and ABS yields, plus |
| 1:28.4 | rewards in Cook, M-Eath Protocol's governance token, and more. Don't miss out on the opportunity |
| 1:33.1 | to stake, restake, and shape the future of M-Eath Protocol with Cook. Participate today at |
| 1:37.5 | m-eath.mantle.xyZ. The Arbitrum portal is your one-stop hub to entering the Ethereum ecosystem. |
| 1:43.8 | With over 800 apps, Arbitrum offers something for one-stop hub to entering the Ethereum ecosystem. With over 800 apps, |
| 1:44.8 | Arbitrum offers something for everyone. Dive into the epicenter of Defy, where advanced |
| 1:49.8 | trading, lending, and staking platforms are redefining how we interact with money. Explore Arbitrum's |
... |
Transcript will be available on the free plan in -51 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from [email protected], and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of [email protected] and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.