Trading Crypto's Election Year | 1000x
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Jonah: We cannot understate the importance of the world's preeminent superpower, a a nation state with basically unlimited resources, backing our space as opposed to actively trying to fight our space like, like white blood cells fight a virus. So I think if Kamala wins, we're gonna see a big dispersion trade. We're gonna see Bitcoin outperform everything else in the crypto asset space like crazy. Bitcoin dominance is gonna go up. All these other tokens, like, you're gonna see a lot of people throwing in the towel.
Meanwhile, if Trump wins, like, we might see tokenized equity on the Nasdaq. Like, it it could it could get there pretty quick.
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Avi: Welcome back to another episode of a 1000x. Market market is currently dying, which is honestly to be expected at this point. I'm sorry we didn't record before the the the Trump announcement. But, basically, that was possibly the most telegraphed thing I've seen in a very long time. You had 30,000 coins added to open interest in the week leading up to his speech at Nashville.
And so, obviously, kind of no matter what he said, short of I'm buying 1,000,000,000 of dollars of Bitcoin, it was the market was gonna sell off. The good news is that as far as I can tell, we're pretty close to the end. I think that there's there's an unwind happening right now because people are getting out, and there was a lot of there there's too much excitement going into this, but we're almost totally unwound. ETH is finally doing well. ETHBTC ETHBTC has come up because I think it's slowly running out of sellers, and the ETH outflows have actually outpaced the GBTC outflows pretty signif
And Solana is still holding up quite nicely. I mean, we almost tagged 200, and, you know, we're we're back down at we're back down at 178. But once this unwind happens, we are in a pretty good position. I'm gonna be very, you know, beating the the bull drums. I know I got my bear behind me right now.
Jonah: You're in the bear's lair.
Avi: I'm in the bear's den. But I'm gonna be beating the drums of a bull pretty soon, for the last you know, I was I was sweating so hard because I think, you know, we we were we were short around 68, 68.5. Got up to 69, 70 can. I was like, dude, there's no way. There's no way that this is sustainable, but I was sweating for a bit.
Now we're good.
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