In this episode of the Bits and Bips podcast, the hosts explore the unexpected rise in Bitcoin and other cryptocurrencies following the Republican victories in the US midterm elections. They delve into the reasons behind this price surge, highlighting a shift in market sentiment that favors a more optimistic view of crypto regulation with a Republican administration. Additionally, they discuss how the prospect of rising inflation under a Trump presidency enhances Bitcoin's appeal as a hedge against inflation, along with the positive effects on the DeFi sector. The conversation also examines the surprising accuracy of prediction markets like Polymarket compared to traditional polls, and the panelists share their insights on the upcoming Federal Reserve meeting and its potential implications for the market.
