Bits + Bips: Vanguard's Crypto U-Turn, Tether/MSTR FUD & Picking Future Winners - Ep. 967

In this episode of Bits and Bips, Austin Campbell hosts Chris Perkins, Ram Ahluwalia, and Alex Kruger to discuss the collision of crypto and macroeconomics. The panel analyzes the Bank of Japan's rate hike and its impact on crypto markets, the potential unwind of the yen carry trade, and the overall pressure on high beta assets. They delve into MicroStrategy's Bitcoin strategy, the decoupling of Bitcoin from gold, and the implications of a possible shift in the House. The conversation extends to the Federal Reserve's interest rate policy, potential changes in Fed leadership, and Arthur Hayes' warning about Tether's solvency. Finally, they touch on the CME outage and the need for more resilient market structures, advocating for innovation and distributed risk management in financial systems.