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Unchained
How Arthur Hayes Has Prepared His Portfolio for the Elections - Ep. 728
Nov 1, 2024
Arthur Hayes, the co-founder of BitMEX and a crypto market guru, shares his insights on preparing for market shifts as the 2024 U.S. elections approach. He discusses election trade strategies, favoring Solana over Ethereum in the short term. Will Trump fulfill his crypto promises? Hayes explores potential market reactions based on election outcomes and the importance of focusing on major assets. Veronica Irwin, a regulatory reporter, adds insights on crypto policy developments and SEC Commissioner Hester Peirce's perspectives on leadership in regulation.
01:21:02
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Quick takeaways
- Focusing on Bitcoin reduces risk during the elections, as its liquidity and stability outweigh the volatile nature of altcoins.
- The anticipated monetary policies post-election could lead to increased market gains, regardless of the winning candidate's agenda.
Deep dives
Trading Strategies Around Election Predictions
Short-term trading based on election predictions can lead to significant losses, particularly in altcoins. While altcoins may seem promising, they are inherently riskier than Bitcoin, which typically allows for better liquidity and less volatility when trades go awry. Focusing on Bitcoin as a safer option enables traders to maintain their positions longer and avoid being 'smoked' in uncertain conditions. This risk management framework emphasizes the importance of being cautious with altcoin investments, especially during high-stakes events like elections.
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Discover
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