Bits + Bips: Trump Won and the Question Is: Do You Have Enough Crypto? - Ep. 731

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 7 November 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

Donald Trump is headed back to the White House, and the crypto markets are surging in response. This episode of Bits + Bips dives into what the election means for crypto, the potential crypto IPOs coming soon, why DeFi tokens are outperforming, and what changes in U.S. regulation could mean for investors. Ram Ahluwalia and Noelle Acheson join to explore this unprecedented moment in crypto and how inflation and policy changes may boost Bitcoin and the broader ecosystem. Show highlights: Everyone’s initial reactions to Trump’s win How some crypto companies could have their IPO soon Whether it’s time to take profits after the substantial run Why DeFi tokens have been the biggest winners What the next crypto spot ETF will be and whether we’ll see staking rewards for ETH Why mainstream media didn’t see the Trump win coming Why Ram and Alex believe that Kamala Harris was not the right candidate How Trump won the appeal of the lower class in the U.S. Whether immigration was key to sustaining the GDP and avoiding a “hard landing” Crypto’s massive win in Congress How much impact Elon Musk had in the outcome of the elections How Polymarket has become a “new source of truth,” according to Ram Why the Fed doesn’t have a need to accelerate rate cuts Whether Trump’s policies will be inflationary and whether he’ll go forward with tariffs Whether the 10-year bond will reach new highs Thanks to Gemini for sponsoring this episode of Bits + Bips. Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Guests: Ram Ahluwalia, CFA, CEO and Founder of Lumida Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter Timestamps: 00:00 Intro 01:57 Reactions to Trump’s election win 03:13 Which crypto companies might IPO soon? 09:28 Is it time to take profits in crypto? 17:30 Why are DeFi tokens surging? 20:31 What’s next for crypto ETFs and ETH staking rewards? 28:00 Why mainstream media missed Trump’s victory 33:44 Ram’s thoughts on Kamala Harris’s candidacy 43:52 How Trump gained appeal with lower-income voters 45:41 Did immigration help sustain GDP? 53:11 Crypto’s big win in Congress 56:53 Elon Musk’s influence on the election outcome 1:04:10 Is Polymarket becoming a “new source of truth”? 1:10:30 Why the Fed may not need faster rate cuts 1:13:26 Will Trump’s policies drive inflation? 1:17:08 Will the 10-year bond hit new highs? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I think this keeps on going till the end.
0:03.7	And one should be, the stress for people here should not be, are we going to pull back?
0:09.4	But should be, am I long enough?
0:14.8	Welcome to bits and bips, exploring how crypto and macro collide, one basis point at a time.
0:19.5	I'm your host, James Saffert,
0:20.9	Tradfai, Archmaister, Lord of Bloomberg Zen. Here with Alex Kruger, Kruger Macro of House Asgard,
0:27.2	protector of the realm. We're here to discuss the latest stories in the worlds of crypto
0:31.5	and macro news. Just remember that nothing we say here is investment advice. Please check
0:36.3	Unchainedrained crypto.com
0:37.6	for bits and bips for more disclosures.
0:40.1	Today, we're also joined by two people.
0:42.1	First, Noel Blatchison, High Sear, and KroNow newsletter.
0:45.6	Also joining us as Ram Al-Alaalia, maister of wealth, leader of Lumida.
0:50.2	Today's episode is brought to you by Gemini, a U.S.-based crypto exchange built for new and advanced traders.
0:56.5	Gemini is offering new customers $15 in BTC when they trade.
1:00.2	Sign up today to earn your Bitcoin.
1:02.8	If you want, Noel, why don't you just give it, for anyone who doesn't know you are, just give a quick background in who you are in 20 seconds, and then we can dive into this after Rahm gives his quick background.
1:11.4	Okay, 20 seconds. Good thing I'm Irish because the Irish speak very fast. So here we go.
1:14.7	I come from TradFi, 13 years in Tradfai, 10 years in Tradfi, 13 years running an e-commerce
1:21.3	company I founded, fell into Crypto 2014, worked for CoinDesk for five years, set up their research team,
1:28.4	did the same for Genesis trading, left in 2022, to focus on what I really care about, which is how the crypto ecosystem
1:33.5	is impacting the macro landscape. And that's what I do now. I write the Crypto is Macro
	...

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