Tariff Day Arrives, Investors Hope For Clarity

03/04/2025 27 min
Tariff Day Arrives, Investors Hope For Clarity

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Episode Synopsis

Join Matt and Simon as they discuss the current state of the crypto market, focusing on the impact of upcoming tariff announcements on April 2 and the evolving landscape of stablecoins.Key Takeaways:The crypto market finished the week lower as investors continued to de-risk in anticipation of April 2, when U.S. President Donald Trump will announce a slew of tariff updates.ETH had its second-worst Q1 on record (-45.5%), while BTC fell by 12%.Fidelity, one of the world’s largest asset managers, is reportedly in advanced stages of developing its own stablecoin. It follows recent reports that the asset manager is preparing to launch an onchain product for its U.S. dollar money market fund.The U.S. state of Wyoming is aiming to launch its long-planned stablecoin by July, Governor Mark Gordon said last week. It comes as various financial institutions and fintech companies are reportedly planning to enter the stablecoin market. Ultimately, greater stablecoin adoption can drive increased onchain activity.Timestamps:00:00 Intro00:55 Market Update & Q1 Performance02:45 Macro Uncertainty & De-Risking04:53 How Much Worse Can It Get?07:15 Tariff Announcements on April 211:25 GameStop Buying Bitcoin15:10 Strategy Buys More Bitcoin16:27 Stablecoin Adoption (Wyoming Government, Fidelity)22:29 No Notable Altcoin Updates23:32 What's Ahead24:10 Less Barriers For Banks To Expand Into Crypto25:22 Tornado Cash27:00 Outro