Unchained

How Arthur Hayes Has Prepared His Portfolio for the Elections - Ep. 728

7 snips
Nov 1, 2024
Guest
Veronica Irwin
Guest
Arthur Hayes
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.
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INSIGHT

Market Outlook and Election Outcome

  • Crypto should perform well in the medium term regardless of election outcome due to anticipated money printing.
  • The market currently favors Trump due to his familiar rhetoric of tax cuts, deregulation, and continued spending.
INSIGHT

Biggest Market Risk

  • The biggest market risk isn't who wins, but rather the losing side contesting the election results.
  • Market uncertainty and potential social unrest could negatively impact market performance.
ADVICE

Election Trading Strategy

  • Avoid short-term trading based on election predictions due to high risk and limited potential reward.
  • Focus on major cryptos like Bitcoin and Ethereum for better liquidity and reduced slippage.
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