Galaxy Brains
Markets Are Shifting w/ Beimnet Abebe
May 30, 2024
Beimnet Abebe discusses crypto politics, inflation, and Ethereum ETPs. Topics include US banking changes, Trump's support for crypto holders, SEC approval of Ether ETFs, impact of regulatory changes on the market, BlackRock's inclusion of Bitcoin in fixed income funds, and challenges in crypto investments.
18:06
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Quick takeaways
- Former President Trump's explicit support for protecting self-custody rights for Bitcoin owners can impact the political landscape concerning cryptocurrency.
- BlackRock's inclusion of Bitcoin in fixed income funds indicates the potential role of Bitcoin as a hedge amidst global fixed income shifts and inflation concerns.
Deep dives
Political Landscape in Crypto and Trump's Stance on Bitcoin
The podcast episode delves into the evolving political landscape concerning cryptocurrency, highlighting the 521 Act supported by the majority of Congress and former House Speaker Nancy Pelosi. Former President Trump's explicit campaign focus on crypto, pledging to protect self-custody rights for Bitcoin owners, is discussed. The episode explores potential impacts on the crypto market due to these political developments in the United States.
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