08 Nov 2024
41m

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

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Unchained

In this episode of the Unchained podcast, the conversation centers on the intersection of cryptocurrency and the upcoming 2024 US election. It reveals an unexpected bipartisan support for crypto within Congress and explores what this means for the crypto market. Jeff Park, Head of Alpha Strategies at Bitwise, points out that there’s little political gain in opposing crypto. He also discusses the emergence of decentralized platforms like Polymarket, which serve as "truth machines," and notes the notable market activity linked to the election, with altcoins such as Uniswap and Solana outperforming Bitcoin. Additionally, he introduces the idea of a "radical portfolio," advocating for a shift from the conventional 60/40 equity-bond strategy to one that emphasizes compliance and resistance assets, including crypto, gold, and even professional gambling, as a way to safeguard against risks in the global monetary system.

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