The Chopping Block: 2024 Election Debate feat. Mike Novogratz & Shaun Maguire - Ep. 729

The Chopping Block: 2024 Election Debate feat. Mike Novogratz & Shaun Maguire - Ep. 729 – Unchained

Market views

Bullish

BTC— Bitcoin price is expected to rise significantly on a Trump win, potentially breaking $73,000 and going higher. Even on a Harris win, after an initial dip, the price is predicted to recover and increase.
CRYPTO— A Trump presidency is seen as more favorable for the crypto industry due to his deregulation stance and personal interest in crypto, while the Biden-Harris administration is viewed as hostile to crypto.
STABLES— Potential Trump appointees, including Senator Hagerty and Howard Lutnick, have strong connections to Bitcoin and stablecoins, which could be beneficial for the stablecoin industry.
CEFI— A potential Harris administration could direct regulatory bodies to allow banks to own crypto on their balance sheets and permit large custodians to custody crypto, which would be beneficial for crypto banking.
CORPORATECRYPTO— There's a growing trend of corporate treasuries holding significant Bitcoin reserves, with expectations that more companies with large cash reserves may allocate a portion to Bitcoin.

Not investment advice.