Bits + Bips: How to Play the ‘Trump Trade’ in Crypto After the Assassination Attempt - Ep. 675

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 17 July 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann, joined by guest Jack Platts, dive into the market's reaction to the recent assassination attempt on former President Donald Trump, looking at how this event will influence the 2024 U.S. presidential election—and the crypto markets. They also cover potential rate cuts: Could there be a cut this July? How big might the rate cut be in September? Could the decision ever be influenced by the upcoming election? They also give their predictions for what percentage of the BTC ETF inflows the ETH ETFs will reach, and James talks about what he’s expecting for Grayscale’s ETHE (hint: his view would be positive for ETH). Finally, they delve into what’s next for Bitcoin as the German government runs out of BTC and Mt. Gox distributions begin. Is it up only now? Show highlights: 00:00 Intro 01:18 Whether the Trump shooting has settled the election and whether the event caused a “flight to safety” 11:23 How election markets are becoming a place to watch election odds and whether crypto “leans right” 20:16 Whether rate cuts are coming in July or September and how much they’ll cut: 25bps or 50bps 29:06 How Joe views the relationship between global liquidity cycles, rate cuts, and Bitcoin's potential rise 34:41 What new updates there are about the Ethereum ETFs and their expected launch 42:08 Why Solana hasn't outperformed significantly since the Trump news 43:25 What market breadth indicates about the current market rally and the impact of rates in small caps 49:01 Everyone’s predictions of ETH ETF inflows and how much outflows we’ll see on Grayscale’s ETHE 53:04 What’s next for BTC after the German government is out of bitcoin, and with Mt. Gox distributions starting this week Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Joe McCann, Founder, CEO, and CIO of Asymmetric Guest: Jack Platts, Co-Founder & Managing Partner at Hypersphere Ventures Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Like Trump or not this is about trading here about making money and I'm trying to anticipate how people are going to be reacting to the news and these really should drive middle America further towards Trump.
0:14.3	And yeah, that image is like, I saw the image
0:16.8	and we're like, wow, he just won.
0:21.4	Hi, everyone.
0:22.1	Welcome to Bits and Bips, exploring how crypto a macro collide one
0:24.9	basis point at a time I'm your host James Safer, TradFi Archmaister, Lord of
0:29.1	Blumer's End here with Alex Kruger Kueger Macro of House Asgard,
0:33.0	protector of the realm, and Joe McCann, Lord Commander of Asymmetric and Master at Banc.
0:37.8	We're here to discuss the latest stories in the worlds of crypto and macro news.
0:41.8	Just remember that nothing we say here is investment advice.
0:44.4	Please check unchained crypto.com slash bids and bits for more disclosures.
0:48.2	Also joining us today is Jack Platts from Hyper Sphere. I'm going to let him introduce himself a little bit.
0:54.2	Sure, thanks, James.
0:55.7	Jack here from Hyper-Sperf.
0:57.9	Started the firm in 2020.
1:00.2	We've launched four funds, the digital asset management firm, predominantly investing in tokens at the infrastructure and earliest stage through public blockchain networks.
1:09.0	We support networks through a series of venture funds and an open-ended hedge fund.
1:15.0	So that's a little bit about me and thanks for having me on.
1:18.0	Great, so let's get into what is arguably the biggest news of anything that's happened in a very, very long time.
1:25.2	We're recording this a Monday, July 15th, so this just a couple days ago, I guess former president and potentially future President Trump was shot at during a speech hit his ear.
1:37.6	Does this settle the election?
1:39.6	Do you think that all the images and what we're seeing out coming out of this this situation does this
	...

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