Unchained

Under Trump, the First Crypto President, Where Will Markets Go? - Ep. 732

4 snips
Nov 8, 2024
Jeff Park, Head of Alpha Strategies at Bitwise, offers a unique perspective on the intersection of crypto and politics. He discusses the potential for a pro-crypto shift in Washington and its impact on market dynamics. Park analyzes why DeFi tokens like UNI are thriving and debates Bitcoin's role as a strategic national asset. He also reveals insights on how China might react to Trump's economic policies and introduces his "radical portfolio" thesis, advocating for diversification into alternative assets amid changing regulations.
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INSIGHT

Crypto and Politics Takeaways

  • There's zero electoral upside to being anti-crypto, potentially impacting future elections.
  • Decentralized information sources like Polymarket will play a bigger role in how society digests information.
INSIGHT

Crypto's Non-Partisan Nature

  • Crypto aligns with core democratic principles of self-determination and censorship resistance.
  • Crypto should transcend party politics due to its universal importance.
ANECDOTE

Bipartisan Crypto Lobbying

  • Fair Shake's political contributions were bipartisan, supporting both Democrats and Republicans.
  • Coinbase and A16Z committed $50 million to Fair Shake before election results, showing long-term commitment.
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