Bits + Bips: How to Play the Trump Trade in Crypto After the Assassination Attempt - Ep. 675
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\u2014and the crypto markets.\nThey 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?\nThey also give their predictions for what percentage of the BTC ETF inflows the ETH ETFs will reach, and James talks about what he\u2019s expecting for Grayscale\u2019s ETHE (hint: his view would be positive for ETH).\nFinally, they delve into what\u2019s next for Bitcoin as the German government runs out of BTC and Mt. Gox distributions begin. Is it up only now?\nShow highlights:\n\n00:00 Intro\n\n01:18 Whether the Trump shooting has settled the election and whether the event caused a \u201cflight to safety\u201d\n\n11:23 How election markets are becoming a place to watch election odds and whether crypto \u201cleans right\u201d\n\n20:16 Whether rate cuts are coming in July or September and how much they\u2019ll cut: 25bps or 50bps\n\n29:06 How Joe views the relationship between global liquidity cycles, rate cuts, and Bitcoin's potential rise\n\n34:41 What new updates there are about the Ethereum ETFs and their expected launch\n\n42:08 Why Solana hasn't outperformed significantly since the Trump news\n\n43:25 What market breadth indicates about the current market rally and the impact of rates in small caps\n\n49:01 Everyone\u2019s predictions of ETH ETF inflows and how much outflows we\u2019ll see on Grayscale\u2019s ETHE\n\n53:04 What\u2019s next for BTC after the German government is out of bitcoin, and with Mt. Gox distributions starting this week\n\nHosts:\n\n\nJames Seyffart, Research Analyst at Bloomberg Intelligence\n\n\nAlex Kruger, Founder of Asgard\n\n\nJoe McCann, Founder, CEO, and CIO of Asymmetric\n\nGuest:\n\nJack Platts, Co-Founder & Managing Partner at Hypersphere Ventures\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices