Bits + Bips: Trump Will Soon Be President. Where Will Bitcoin and Crypto Prices Go? - Ep. 761
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There's a
lot of uncertainty with all these things, Trump, the Fed and rights and things, but most of the uncertainty is skewed to the upside. Like you say, like, if there's a change, it's probably gonna be positive, doesn't have to happen. But that does set things up very well. And as I say, if it equities are gonna and risk on attitudes across TradFi are gonna drive this. So if if it's positive equities, bitcoin, crypto is just gonna be, you know, double or more. Hi,
everyone. Welcome to bits and bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Safer, tradfi archmister, lord of blue rig's end here with Alex Kruger, Kruger macro of house Asgard. Today, we are also joined by Charles Edwards, sage of strategy and sovereign of Capriolet. We're here to discuss the latest stories in the words of crypto and macro. Just remember that nothing we say here is investment advice. Please check unchainedcrypto.com/bitsandbits for more disclosures. Alright, guys. Charles, before we get into it, why don't you, give us a brief bac
Sure. Thanks, James. So I'm, yeah, founder of Capital Investments. We've been running primarily Bitcoin trading strategy investment strategy for the last 6 coming in 6 years now and managing the capital hedge fund. We also it's in primarily quant strategy, bitcoin, alts, but also in the last year or so, I've been getting into equities as well. You
know, one thing here, it's I remember, Charles, well, so I think it was 2019. You, you started with an index for, tracking, energy costs. Right? Yeah. The cost the cost of producing Bitcoin was was very good.
Yeah. Yeah. Exactly. Yep. Yeah. Bitcoin production cost or that may have been Bitcoin energy value index.
Yeah. That wasn't that wasn't 19. Right? Yep.
Exactly. That was one of the earlier metrics. Yeah. Still use it. Awesome.
Let's get in. So we're recording this on Monday, January 6th. And what I mean, really, first thing we need to know is Bitcoin price. I mean, obviously, it's been trading around that 100 k level. It dipped into the low to mid nineties. But as of early this morning when I woke up, it was trading 98, 99. And then, like, literally in one candle, it went up to, basically a 102 k. So, one, I mean, do you guys have any thoughts on what sent that candle rocket? I mean, honestly, obviously, it could be just liquidations and what have you. So I I don't know if you guys have any special thoughts on what'
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