Markets are nervous, liquidity is drying up, and political messaging is inconsistent at best.

In this week’s Bits + Bips, the crew unpacks the shifting mood across capital markets and what it will take to bring back the risk-on energy. From Trump’s high-stakes tariff strategy to whispers of deregulation, tax cuts, and even capital flooding, the stakes are rising.

Plus:

What would trigger a “Trump put”
Will crypto finally benefit from the global chaos?
Whether the devaluation of the yuan could be a big moment
And how animal spirits might return… if they’re properly incentivized