🏆 What Trump's win means for crypto

GM everyone. This is 2036.

The votes are in. As of this writing:

• 247 pro-crypto officials have been elected to the House of Representatives (113 against)

• 15 pro-crypto senators have been elected to the Senate (10 against)

• Trump has won the popular vote - the first Republican candidate to do so since George Bush in 2004.

You’ll hear many intelligent (and not-so-intelligent) takes on the election today, so I’ll stick to what it means for crypto.

This result is what crypto wanted - and more.

Realizing Trump would win, Bitcoin made a new all-time high of $75,300 last night.

In the process, Bitcoin's dominance as a % of total crypto market capitalization surged to 61%.

This may sound like an arbitrary number, but it’s important. It means that altcoins, as a percentage of total crypto market capitalization, are at cycle lows.

Trends like these don’t tend to last very long. They tend to be quickly followed by altcoins moving significantly higher.

Now, some altcoins are already doing better than others.

To no one’s surprise, memecoins like POPCAT, WIF, and DOGE are outperforming.

But altcoins with many regulatory overhangs, like Uniswap, Lido, etc., are outperforming, too.

Crypto hopes that a Trump presidency will:

• Fire Gary Gensler from the SEC

• Provide a clear regulatory framework for crypto innovations that could currently be deemed securities by the SEC, such as staking and revenue sharing.

So, all eyes will be on the SEC in the first few months of Trump’s presidency.

Of course, millions of investors waiting for clarity on the election outcome will now also enter the markets.

I wouldn’t be surprised if today sees the largest inflows into the Bitcoin ETFs ever.

It stands to say that we’re entering the most fun period in the crypto cycle.

We’ll now have:

• a pro-crypto US president

• a rate-cutting cycle

• a historically UP-year for crypto

i.e. a time when people will regularly start asking you about Bitcoin as it smashes past new all-time highs.

Our job is just to ride the trend.

If you don’t know what to buy, stick with the winners.

Bitcoin and memes will continue to do well. DeFi may have its renaissance after all under Trump. We might even see more applications for SOL ETFs soon 👀

In the last two years alone, we have survived Luna, FTX, 3AC, a banking crisis, a rate-hiking cycle, two wars, and a US presidential election.

The party is about to get started.

Let the fun begin.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.