Bits + Bips: Trump Won and the Question Is: Do You Have Enough Crypto? - Ep. 731

Nov 7, 2024

Ram Ahluwalia, CEO of Lumida, and Noelle Acheson, author of "Crypto Is Macro Now," explore the impact of Trump's election on crypto markets. They discuss possible upcoming IPOs and why DeFi tokens are thriving. With inflation concerns and regulatory shifts looming, they examine if Bitcoin could soar again. Ram and Noelle dive into how mainstream media misjudged Trump's appeal and the significance of platforms like Polymarket in predicting market moves. Their insights reveal the exciting interplay between political events and the crypto landscape.

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ADVICE

Maintain Long Positions

Avoid immediately taking profits after substantial crypto market gains.
Consider if current long positions are sufficient for continued growth.

INSIGHT

DeFi's Potential

A Trump win is more positive for DeFi than for Bitcoin due to regulatory implications.
DeFi offers trustless settlement and on-chain transparency, unlike traditional banking.

INSIGHT

Crypto's Political Influence

The DNC's anti-crypto stance, influenced by Elizabeth Warren, hurt them in the election.
The mainstream media misjudged crypto's influence and wealth, assuming it was similar to DraftKings.

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Donald Trump is headed back to the White House, and the crypto markets are surging in response.

This episode of Bits + Bips dives into what the election means for crypto, the potential crypto IPOs coming soon, why DeFi tokens are outperforming, and what changes in U.S. regulation could mean for investors. Ram Ahluwalia and Noelle Acheson join to explore this unprecedented moment in crypto and how inflation and policy changes may boost Bitcoin and the broader ecosystem.

Show highlights:

Everyone’s initial reactions to Trump’s win
How some crypto companies could have their IPO soon
Whether it’s time to take profits after the substantial run
Why DeFi tokens have been the biggest winners
What the next crypto spot ETF will be and whether we’ll see staking rewards for ETH
Why mainstream media didn’t see the Trump win coming
Why Ram and Alex believe that Kamala Harris was not the right candidate
How Trump won the appeal of the lower class in the U.S.
Whether immigration was key to sustaining the GDP and avoiding a “hard landing”
Crypto’s massive win in Congress
How much impact Elon Musk had in the outcome of the elections
How Polymarket has become a “new source of truth,” according to Ram
Why the Fed doesn’t have a need to accelerate rate cuts
Whether Trump’s policies will be inflationary and whether he’ll go forward with tariffs
Whether the 10-year bond will reach new highs

Thanks to Gemini for sponsoring this episode of Bits + Bips.

Hosts:

James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard

Guests:

Ram Ahluwalia, CFA, CEO and Founder of Lumida
Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter

Timestamps:

00:00 Intro
01:57 Reactions to Trump’s election win
03:13 Which crypto companies might IPO soon?
09:28 Is it time to take profits in crypto?
17:30 Why are DeFi tokens surging?
20:31 What’s next for crypto ETFs and ETH staking rewards?
28:00 Why mainstream media missed Trump’s victory
33:44 Ram’s thoughts on Kamala Harris’s candidacy
43:52 How Trump gained appeal with lower-income voters
45:41 Did immigration help sustain GDP?
53:11 Crypto’s big win in Congress
56:53 Elon Musk’s influence on the election outcome
1:04:10 Is Polymarket becoming a “new source of truth”?
1:10:30 Why the Fed may not need faster rate cuts
1:13:26 Will Trump’s policies drive inflation?
1:17:08 Will the 10-year bond hit new highs?

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