Episode 61: Tariffs Slam Stocks, Bitcoin Stays Steady

Equity markets crash as Trump’s Liberation Day tariffs shock the world, pushing Bitcoin below 80K—yet it holds strong amid exploding equity volatility.

Host David Brickell (FRNT Financial) and special guest Greg Magadini (Amberdata) dive into Bitcoin’s surprising resilience: has it matured as a safe haven? From trading volatile markets to a special segment with Ethena Labs’ Guy Young and FalconX’s Josh Lim on the new yield-bearing USDE coin joining Deribit’s collateral pool, this episode unpacks strategies, macro risks, and crypto’s next moves.

The following topics is covered:

00:00 – Introduction
00:45 – Back on the Show: Greg Magadini
02:02 – Greg’s Insights and How to Navigate the Current Market Conditions
04:26 – Risk Positioning, Uncertainty & Global Recession Risks
07:22 – Bonds Volatility & China’s Economic Challenges
09:34 – Bitcoin’s Price Action in Today’s Economy & Volatility Insights
15:18 – Growing Pressure on Trump & Bitcoin’s Spot/Vol Correlation
16:57 – Greg’s Current Trading Approach & Strategy
21:01 – Current Developments & Opportunities in Crypto
24:42 – Weakness in Bonds & Treasury Market Insights
28:08 – Will Central Banks Step In If Needed?
30:00 – Economic Slowdown? What’s Next: Stimulus and Rate Cuts?
32:06 – What’s Next for Crypto? Risks Vs Opportunities
37:44 – Different Investor Profiles and Risk Appetite
39:58 – David Caught Up with Ethena Labs’ Guy Young and FalconX’s Josh Lim
45:33 – Understanding Yield-Bearing Stablecoins
50:45 – Investor Impact of Using Yield-Bearing Stablecoins as Collateral
53:46 – The Unique Elements of Ethena’s USDE
56:11 – Josh’s Current Views on the Crypto Market
58:26 – Closing Thoughts from Greg & David