0
0
Daily Brief

Are Tariffs Good for BTC?

gm Bankless Nation, altcoins continued their rough week as traders continued trying to find upside in trade war uncertainty.
0
0
Feb 5, 20253 min read
Are Tariffs Good for BTC?
Published on Feb. 5, 2025
View in Browser

Sponsor: Mantle — Mantle is building the largest sustainable hub for onchain finance.

.  .  .
NEED TO KNOW
SEC Gets Muzzled
  1. 👮‍♀️ SEC Scales Back Crypto Enforcement. The SEC's crypto cops are getting reassigned elsewhere.
  2. 🟠 MicroStrategy Rebrands to ‘Strategy.’ Michael Saylor makes his aims clear with Bitcoin-flavored company rebrand.
  3. 😮 Elizabeth Warren Calls Out Banks Over Crypto Debanking. The Democratic Senator finally calls out a bad thing as bad.
📸
Daily Market Snapshot: With just about every non-stable altcoin in the top 100 down by 10% this week and a healthy chunk of them down more than 25%, it's a good time to be king. BTC is showing relative strength with dominance climbing as the asset weathers the trade war volatility storm better than most.
Prices as of 6pm ET 24hr 7d
Crypto $3.17T ↘ 1.1% ↘ 7.1%
BTC $96,187 ↘ 1.4% ↘ 7.6%
ETH $2,757 ↗ 1.9% ↘ 12.0%
.  .  .
ANALYSIS
What is DeFAI?
Bankless Author: Kazu Umemoto

DeFi is one of the core pillars in crypto. AI agents have begun to capture excitement as an emerging opportunity.

Now, projects are being built out that will allow users to type in an action-oriented prompt and an AI agent will carry out the trade or swap in the background, pioneering a whole new sector of crypto called DeFAI (DeFi + AI). 

Don't ask us exactly how to pronounce it, but we can tell you why it's worth paying attention to. 👇 


FRIEND & SPONSOR: MANTLE

Experience the next generation of onchain finance with Mantle—where blockchain meets everyday banking. Powered by a $4B treasury, Mantle Network, and mETH Protocol, Mantle is launching three innovation pillars: An Enhanced Index Fund for optimized crypto exposure, Mantle Banking for blockchain-powered banking, and MantleX for AI-driven innovation.

.  .  .
LATEST POD
Tariffs Good for BTC?

Are tariffs good for bitcoin prices?

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.

Listen along below 👇

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.