Up & Down Wall Street: How Trump Sets in Motion an Epic Asian Role Reversal -- Barron's

Dow Jones11-30

I asked him what precipitated the latest run in Bitcoin. "Trump had said, 'We'll end the war on crypto,' " Saylor told me. "Bitcoin has gone from having like a 20% headwind to a 40% tailwind. We caught the wind and got an extraordinary boost." So, what's the real value of Bitcoin? "It's a digital transformation of money that strips away the risk of currency, stocks, bonds, and real estate and property. It's like a building, but it's a building that you can teleport to. It is indestructible, immortal, invisible, and you don't have all the things that drag down the value of a building. So, think of it as Manhattan in cyberspace."

All righty, then.

Write to Andy Serwer at andy.serwer@barrons.com

To subscribe to Barron's, visit http://www.barrons.com/subscribe

(END) Dow Jones Newswires

November 29, 2024 21:30 ET (02:30 GMT)

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We ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2487543046","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487543046","pubTimestamp":1732933800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By now we're well into second- and third-order implications of the Trump administration on markets and investing. Getting too granular here is a fool's errand, as Oaktree sage Howard Marks recently reminded us. Still, noodling on Trump Part Deux, at least directionally, is prudent.Some of this is blindingly obvious. The oil-and-gas business has a wind at its back, and renewables have a wind in their face. Crypto is rocking, while, with the prospect of Robert F. Kennedy Jr. at the helm of the Department of Health and Human Services, Big Pharma stocks are looking wan.Then there's Donald Trump's take on China and Japan -- as well as the state of play of these two huge economies. This past week, the president-elect announced his intention to gin up a 10% across-the-board tariff on Chinese goods -- layered on top of existing tariffs, which range from 7.5% to 100% -- as well as new levies on Mexico and Canada. 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We caught the wind and got an extraordinary boost.\" So, what's the real value of Bitcoin? \"It's a digital transformation of money that strips away the risk of currency, stocks, bonds, and real estate and property. It's like a building, but it's a building that you can teleport to. It is indestructible, immortal, invisible, and you don't have all the things that drag down the value of a building. So, think of it as Manhattan in cyberspace.\" \n\n\n     All righty, then. \n\n\n     Write to Andy Serwer at andy.serwer@barrons.com \n\n\n \n\n\n  To subscribe to Barron's, visit http://www.barrons.com/subscribe \n\n\n  (END) Dow Jones Newswires\n\n\n  November 29, 2024 21:30 ET (02:30 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"CCBot/2.0 (https://commoncrawl.org/faq/)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487543046"}