This podcast episode interviews Jordi Alexander about the current state of the macro and crypto markets. The hosts discuss recent market volatility, President Trump's impact on the economy, and the performance of various cryptocurrencies, including Bitcoin and Ethereum. Specific market data points, such as the S&P 500's loss of $5 trillion and Bitcoin's fall to a yearly low, are presented and analyzed. The discussion also covers the recent creation of a US Bitcoin Strategic Reserve and the implications for other countries. Listeners gain insights into market trends and expert perspectives on the interplay between traditional finance and the cryptocurrency market.