UNCHAINED: With Rate Cuts and Upcoming Elections, What’s the Best Play in Crypto?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 September 2024
⏱️ 82 minutes
🧾️ Download transcript
Summary
With the Fed cutting rates, what’s the next move for crypto? Two macro investors discuss Bitcoin's sluggish summer, how the 2024 elections could impact crypto markets, and much more.
The Fed just made its first rate cut in years, slashing 50 basis points off interest rates—but what does this mean for the crypto markets? With Bitcoin lagging behind traditional finance, and the looming U.S. elections, uncertainty is growing.
In this episode, Quinn Thompson of Lekker Capital and Travis Kling of Ikigai Asset Management break down the major factors influencing the markets: from Bitcoin’s sluggish summer and the unwinding of the Japan yen carry trade, to why the 2024 elections could be a pivotal moment for crypto. Are these the catalysts we’ve been waiting for, or should we brace for more turbulence ahead?
Also, they cover which assets could benefit the most under a Trump administration, and why they believe SOL could have a negative catalyst in the near future.
Show highlights:
- Why the Fed cut the rates by 50 basis points and what the chances of a recession are in the U.S.
- Why Bitcoin has underperformed the broader TradFi markets this summer
- The risks of the unwinding of the Japan carry trade for crypto
- How the election results might matter differently for different sectors of the industry
- Whether rate cuts affect stablecoin yields in DeFi
- How the approval of Bitcoin ETF options will affect the price of BTC
- Whether Bitcoin miners will be affected by AI’s need for computing power
- Ether’s lagging performance this year and what might be a huge catalyst for ETH
- How SOL will manage through the huge unlock in early 2025
- What Quinn and Travis think about investing in memecoins
- How the rise of Base will impact Coinbase
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guests:
- Quinn Thompson, CIO of Lekker Capital
- Travis Kling, Founder and CIO of Ikigai Asset Management
- Previous appearance on Unchained: With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.
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Transcript
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| 0:49.7 | Thanks for listening to Unchained, your no-hype resource for all things crypto, on the CoinDesk |
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| 1:06.5 | You've had the highest inflation in 30, 40 years under the most recent administration. |
| 1:11.3 | If that continues, we saw what that can do, what the fiscal stimulus can do for the price |
| 1:17.1 | of Bitcoin. |
| 1:18.1 | And, you know, I don't think that really gets a ton better. |
| 1:24.9 | Hi, everyone. |
| 1:25.8 | Welcome to Unchained, your no hay resource all things Crypto. I'm your host, |
| 1:29.3 | Laura Shin, author of The Cryptopians. I started covering crypto nine years ago and as a senior editor of Forbes |
| 1:34.8 | was the first mainstream reader reporter to cover cryptocurrency full-time. This is the September 24th, |
| 1:39.7 | 2024 episode of Unchained. Mantles Ameth is now the fourth largest LST with $1.3 billion in TVL. |
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