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

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 8 November 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With a friendlier regulatory environment in sight, will crypto finally get its moment? Jeff Park, head of alpha strategies at Bitwise, joins Unchained to break down what a pro-crypto approach in Washington could mean for the industry, why DeFi tokens such as UNI are thriving, and whether Bitcoin has a place as a strategic national asset. Plus, Park shares insights into how China will respond to Trump’s economic measures and explains what he means by the “radical portfolio” thesis. Tune in to find out how this new political era could set the stage for crypto’s long-awaited breakout. Show highlights: Jeff’s main takeaways from the intersection of crypto and politics this cycle Whether crypto has become a partisan issue Why Jeff highlights the usefulness of Polymarket to track the chances of each candidate Why Uniswap’s token UNI outperformed the broader market What sectors of the industry could boom with more regulatory clarity Whether the idea of using bitcoin as a strategic reserve is feasible How China will respond to Trump’s economic measures What is the “radical portfolio” thesis and what’s bitcoin’s role in it Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Mantle’s FBTC Guest Jeff Park, Head of Alpha Strategies at Bitwise The Radical Portfolio Theory Links Unchained: Ether Breaks Past $2,800 to 3-Month High Following Trump’s Victory DeFi Tokens Jump on Hopes That Trump Will Provide Crypto Regulatory Clarity Bitcoin Just Gained $100 Billion in Market Cap Overnight. Is it Time to Take Profits? Bitcoin Hits New All-Time High of $75,000 What Gary Gensler Could Still Do Against Crypto in His Remaining Days as SEC Chair Haralabos Voulgaris’s tweets on gambling: Expressing concern about gambling addiction Contrasting gambling now vs. when he started His opposition to how much gambling is promoted Timestamps: 00:00 Intro 01:13 Key takeaways on crypto’s role in politics 02:38 Has crypto become a partisan issue? 06:47 Why Polymarket is crucial for tracking election odds 09:29 Why UNI is outperforming the market 11:56 Which sectors could thrive with regulatory clarity? 15:07 Could Bitcoin become a national strategic reserve? 18:32 How might China respond to Trump’s economic policies? 20:17 What is the “radical portfolio” thesis? 29:57 Crypto News Recap Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Bitcoin dominance for the first time, I think actually trended down this week while Bitcoin,
0:06.2	of course, was going up. So this shows you there is fervor and excitement for the possibility of
0:10.6	these all coins to have true meaningful value capture for the next few years.
0:20.1	Hi, everyone. Welcome to Unchained. You no-hype resource for all things Crypto.
0:23.9	I'm your host, Laura Shin, author of The Cryptopians.
0:27.3	I started covering crypto nine years ago, and as the senior editor of Forbes,
0:30.6	was the first Mainstream Reader to cover cryptocurrency full-time.
0:33.9	This is the November 8th, 2024 episode of Unchained.
0:38.0	Pocod is the original and leading layer zero blockchain with over 2,000 plus developers,
0:42.9	and the Pocodot 2.0 upgrade will be a massive accelerator for the ecosystem.
0:47.7	Join the community at Pocodot.network slash ecosystem slash community.
0:53.6	FBTC is the fastest-growing OmniChane BTC asset this summer.
0:57.6	Join FBTC points-inspired campaign where you can hold FBTC to earn sparks, lucrative yields,
1:03.5	and token drops, all on your Bitcoin.
1:06.4	Today's guest is Jeff Park, head of Alpha Strategies and Bitwise. Welcome, Jeff.
1:13.1	Hi, Laura. Thanks for having me. Crypto played a very big role in this election from being one of the biggest
1:18.6	industry donors to polymarket, to Trump's promises to the crypto industry. What are your
1:24.0	takeaways from seeing how crypto and politics finally intersected in a big way?
1:30.3	Yeah, it's been an amazing week to live in this moment of history as I'm still digesting the news.
1:36.3	I think there are two key takeaways I've taken away.
1:38.3	One is, it is very clear to me at this point that there's zero electoral upside to being anti-crypto.
1:44.7	I think this is a profound thing, and we should dig into that a little bit deeper.
	...

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