The Jack Mallers Show EP.42: Bitcoin on the Ballot: Trading the 2024 Election
Nov 4, 2024
Explore the fascinating intersection of Bitcoin and the 2024 U.S. presidential election. The discussion highlights how market sentiments are shaped by political outcomes, with insights on navigating unpredictable trading environments. Expect volatility as emotional reactions stir Bitcoin's price shifts, influenced by global events. The hosts advocate for a long-term investment strategy, diving into the intriguing history of 'HODL.' With predictions hinting at a bullish future for Bitcoin, the implications of candidates' stances on cryptocurrency are also examined.
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Transcript
Episode notes
Market Uncertainty
- Financial markets dislike uncertainty, influencing Bitcoin's price action.
- Prediction markets fluctuate, reflecting this uncertainty, especially in a tight election.
Bush-Gore Deadlock Anecdote
- Bill Mallers Jr. recalls the Bush-Gore deadlock, a stressful period for risk management.
- The uncertainty and market fluctuations during that time led to sleepless nights.
Trading Election Volatility
- Avoid trading during volatile periods like elections unless you have special insights.
- Consider evening out your position and waiting for the dust to settle.