Tariffs and Plaza Accord 2.0 could send bitcoin soaring with Jeff Park

In this episode, we sit down with Jeff Park, Head of Alpha Strategies at Bitwise, to discuss his journey from trading derivatives at Morgan Stanley to becoming a leading voice in bitcoin. Jeff shares his perspective on the nature of money, why he sees bitcoin as speech rather than currency, and how its volatility is both a challenge and an opportunity. We break down the implications of the US dollar’s structural weaknesses, the potential for a Plaza Accord 2.0, and the role of tariffs in reshaping global trade. Jeff explains why he believes bitcoin will surpass gold, how corporations are beginning to embrace bitcoin on their balance sheets, and whether a major tech company like Meta could be next. We also explore the impact of SAB 121’s repeal, the future of bitcoin custody in traditional finance, and the biggest risks to bitcoin’s long-term adoption.

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TIMESTAMPS:
0:00 - Intro
1:14 - What is money? Jeff Park’s take
3:13 - Bitcoin is not money—it's speech
5:13 - Is bitcoin more like gold or a commodity?
8:43 - How Jeff Park went from Wall Street to bitcoin
10:56 - Why is bitcoin so volatile?
13:56 - The US dollar’s hidden dilemma and the role of tariffs
16:26 - How the Plaza Accord 2.0 could change everything
21:27 - Bitcoin vs. gold: competition or complementary?
25:12 - Could bitcoin surpass gold's market cap?
32:17 - Will foreign nations pivot to bitcoin instead of treasuries?
39:50 - The US sovereign wealth fund and bitcoin’s role
44:03 - Could Mark Zuckerberg put bitcoin on Meta’s balance sheet?
46:41 - What does SAB 121’s repeal mean for banks and ETFs?
52:37 - The biggest risk to bitcoin’s long-term future

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