Steady Lads #60 • How Will The Election and Macro Impact Crypto?
Sep 13, 2024
auto_awesome
Jordi Alexander, a crypto consultant attending TOKEN2049 in Singapore, joins for a lively discussion on the intersection of politics and cryptocurrency. They delve into how the presidential election could sway crypto policies and market volatility. The trio also explores the complexities surrounding altcoins and debates whether we're witnessing a renaissance in decentralized finance. Amidst all this, they check in on 'Wartime Vitalik' and share thoughts on recent market trends, creating a rich tapestry of insights.
The political landscape and upcoming 2024 election outcomes are viewed as pivotal for future cryptocurrency regulations and market sentiment.
The hosts express concern over the current volatility in the crypto market, emphasizing the need for clearer regulatory frameworks to aid investment strategies.
Deep dives
Upcoming Event in Singapore
The hosts announce an event, Steady Drinks with Steady Lads, scheduled for September 17th, 2023, from 4:30 PM to 6:30 PM in Singapore, coinciding with Token 2049. They express excitement about meeting subscribers and engaging in discussions about the cryptocurrency space. A live episode will also be recorded during Token on Thursday, featuring guest Chiao Wang, indicating the hosts' active participation in notable industry events. This setup highlights the community aspect of cryptocurrency, where hosts connect with their audience face-to-face.
Impact of Federal Rate Cuts on Crypto
The discussion turns to upcoming Federal Reserve meetings, with expectations of potential rate cuts and their implications for the cryptocurrency market. There's speculation on whether the anticipated 25 basis points cut will influence stablecoin inflows and the behavior of investors. The hosts generally concur that such short-term cuts are already factored into the market and unlikely to provoke significant changes in investor strategies. They foresee more substantial effects only if multiple rate cuts occur toward the end of the year.
2024 Election and Its Effects on Crypto
The hosts analyze the implications of the recent debates and the upcoming 2024 election, considering how the political landscape may affect the cryptocurrency market. Despite Trump’s historical friendliness toward crypto, the recent debate suggests a shift as Kamala gained ground in public opinion. Predictions about market reactions to the election result hint that regardless of the winner, the removal of uncertainty could yield bullish sentiment in the long run. Ultimately, the conversation underscores a collective agreement that the election outcome will be a pivotal moment for cryptocurrency regulations.
The State of Market Sentiments and Regulations
The hosts highlight significant market volatility and the ongoing debates surrounding crypto regulations and capital allocation in the industry. They express concern that a lack of clear frameworks and regulations hinders proper investment strategies in cryptocurrencies. The discussion emphasizes the need for a better understanding of valuation metrics in crypto to avoid misallocation of resources and capital among projects. The hosts believe improved regulations could facilitate a clearer pathway for value recognition in cryptocurrencies, potentially benefiting the overall market.
It's another Lads only week, as Justin and Taiki get ready to meet up with Jordi in Singapore for TOKEN2049! We dive deep into the way the election and macro are effecting crypto, check-in on "Wartime Vitalik", and discuss if there's a problem with Alts or if we're in a DeFi Renaissance.