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ROLLUP: A New Era For Crypto | Bitcoin All Time High | Polymarket Dominance | Where Do We Go Next?

Bankless

[email protected]

Tech News, News, Technology

4.81.1K Ratings

🗓️ 8 November 2024

⏱️ 56 minutes

🧾️ Download transcript

Summary

Gary Gensler’s reign of terror is over. It’s ATH week.

With a sweeping Republican win and Trump’s declaration of a ‘Golden Age of America,’ the U.S. election results have reshaped the crypto landscape overnight. Join us as we dive into the Polymarket effect on election night coverage, analyze the election’s impact on key crypto legislation, and explore the post-election market surge. We cover price action, pro-crypto shifts in Congress, and big players like Elon Musk and Michael Saylor making moves. Plus, is the DeFi Renaissance here? Tune in for an in-depth look at what this political shift means for the future of crypto.

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TIMESTAMPS & RESOURCES

00:00 The New President
https://polymarket.com/elections 
https://x.com/Reuters/status/1854093869664837997 
https://www.perplexity.ai/elections/2024-11-05/us/senate 

11:29 Polymarket’s Big Win
https://x.com/llamaonthebrink/status/1854017757588705432?s=43&t=2ZINVXJQKx6xO_6Wiiu_2g    
https://x.com/shayne_coplan/status/1854045045806023002 
https://x.com/Polymarket/status/1854248877798674529 

19:15 Markets
https://x.com/quintenfrancois/status/1853336478476050503?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 
https://imgur.com/J9TUNmR 

25:53 ETF Updates
https://x.com/matthew_sigel/status/1853463874772643926?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 
https://x.com/EricBalchunas/status/1854281747082477696 

32:02 Post Election Winners
https://www.coingecko.com/ 

33:55 DeFi Renaissance
https://unchainedcrypto.com/defi-tokens-jump-on-hopes-that-trump-will-provide-crypto-regulatory-clarity/ 
https://x.com/ethena_labs/status/1854295616907862150?s=46&t=bg7XEx0DtAdxgT9lGVWZ6w 

39:06 Fed Watch
https://www.cnn.com/business/live-news/fed-meeting-november-11-07-24/index.htm l

40:42 $42 Billion Dollar Bitcoin Bid?
https://x.com/saylor/status/1851718391889043954 

43:20 Global Dollar Network
https://x.com/global_dollar/status/1853558740957405362 

48:36 UBS Launches Fund on Ethereum
https://www.ubs.com/global/en/media/display-page-ndp/en-20241101-first-tokenized-investment-fund.html 

50:28 Base Fault Proofs
https://x.com/base/status/1851672364439814529 
https://x.com/l2beat/status/1853429669204230230 

51:34 Roman Storm Trial Delayed
https://www.coindesk.com/policy/2024/11/01/tornado-cash-developer-roman-storms-trial-pushed-to-april/ 
https://x.com/RyanSAdams/status/1853440809644802159 

52:03 Devcon
https://lu.ma/0bpju5ic 

54:54 Permissionless IV
https://x.com/Permissionless/status/1854542280301892074 
https://x.com/BanklessHQ/status/1853426117157245208 

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

Transcript

Click on a timestamp to play from that location

0:00.0

This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world, and we'll get it done.

0:14.5

And the day I take the oath of office, Joe Biden and Kamala Harris's anti-crypto crusade will be over. It will end. It'll be done.

0:23.8

It'll be done. On day one, I will fire Gary Gensler and appoint a new SEC chairman.

0:36.6

There it is, David, the absolute loudest cheer on the firing of Gary Gensler. Got to say on the

0:42.3

week, Gary Gensler's reign of terror is over. It's over, man. And we're at all-time highs. I think those

0:48.1

two things are related, David. And these clips that you just heard, that was from the Bitcoin

0:51.6

conference a number of months ago. But it's just a reminder

0:54.6

for what is going to happen, or at least Donald Trump says will happen, when he enters office on

0:59.7

January 20th, 2025. So we still have a couple months. Technically, Gary Gensler still has a couple

1:05.8

months to shoe in some Wells notices. That's technically still possible. Yeah, you think he's going to do

1:10.6

that? You should spend that time polishing his resume. I would not's technically still possible. Yeah, you think he's going to do that?

1:11.2

You should spend that time polishing his resume. I would not put it past him. The guy is like,

1:15.8

the guy is getting the boot. He could cause some chaos on the way out. But nonetheless,

1:20.0

like you said, the reign of terror is definitely going to come over. And then the day that we get

1:24.6

a Bitcoin president, Bitcoin gets an all-time high, a brand-new

1:28.5

all-time high, which is pretty exciting.

1:30.4

Regardless of your personal politics, you have to say that, like, it's a huge win for

1:35.0

crypto in America.

1:36.0

Well, I think everyone listening, you know, I'm sure a lot of folks voted Trump, who are bankless

1:41.4

listeners.

1:41.7

I'm sure you like a fair number also voted the other side.

1:44.8

I mean, regardless of which way you voted, you got to be happy about this outcome of Gary Gensler is leaving office.

...

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