Bits + Bips: Why a U.S. Recession May Be Coming — And Still Isn’t Priced In - Ep. 814

2025-04-09

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The markets are rattled. Tariffs are rising. Investors are pulling back.In this week’s Bits + Bips, the panel digs into what’s really driving the selloff, why the Fed may be stuck, and how Trump’s tariff logic could trigger deeper economic shocks than anyone expects.Plus: Whether Bitcoin becomes a safe haven What makes this downturn different from 2022 and 2020 Why a potential recession still isn’t priced in Whether Congress can take the tariff button away from Trump And yes, Ram coins a new term: FAFO tariffs 😀

The markets are rattled. Tariffs are rising. Investors are pulling back.

In this week’s Bits + Bips, the panel digs into what’s really driving the selloff, why the Fed may be stuck, and how Trump’s tariff logic could trigger deeper economic shocks than anyone expects.

Plus:

Whether Bitcoin becomes a safe haven
What makes this downturn different from 2022 and 2020
Why a potential recession still isn’t priced in
Whether Congress can take the tariff button away from Trump

And yes, Ram coins a new term: FAFO tariffs 😀

Sponsors:

Bitwise

Hosts:

James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard
Ram Ahluwalia, CFA, CEO and Founder of Lumida
Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter

Links

Tariffs:

Recent coverage of Unchained on the economy and tariffs:
Arthur Hayes on Why Tariffs Will Be Good for Bitcoin and Crypto
Bits + Bips: Trump’s Tariffs Are Causing Mayhem, But Will They Revive U.S. Manufacturing?
Trump Tariffs Sink Crypto, BlackRock Pumps Bitcoin’s Bags
Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe Haven
In Market Crash, What Should You Buy? Crypto VCs Are Making These Bets

10-year yield and the Fed

CNBC: 10-year Treasury yield rises back above 4% despite tariff threat to growth
Reuters: No Fed 'put' when it's unclear which way the economy may pivot

2008 Market Crash