Plus, how much will the Fed cut rates (and when)? What will the inflows into ETH ETFs be? And what’s the near future for Bitcoin?
Posted on July 17, 2024 at 12:00pm EST.
Listen to the episode on Apple Podcasts, Spotify, Peas, Fountain, Podcast addict, Bag Casts, Amazon Musicor on your favorite podcast platform.
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann, along with guest Jack Platts, dive into the market reaction to the recent assassination attempt on former President Donald Trump. They look at how this event will impact the 2024 US presidential election and the crypto markets.
They also discuss possible rate cuts: Could there be a cut in July? How big could the rate cut be in September? Could the decision ever be influenced by the upcoming election?
They also give their predictions on what percentage of BTC ETF inflows will reach ETH ETFs, and James shares what he expects for Grayscale’s ETHE (hint: his view would be bullish for ETH).
Finally, they dive into what’s going to happen to Bitcoin now that the German government is out of BTC and Mt. Gox distribution begins. Is it only up now?
Highlights of the show:
- Whether the Trump shooting decided the election and whether the event prompted a ‘flight to safety’
- How election markets are becoming a place to watch election odds and whether crypto is “leaning right”
- Whether the rate cuts will come in July or September and by how much: 25 basis points or 50 basis points
- How Joe Sees the Relationship Between Global Liquidity Cycles, Rate Cuts, and Bitcoin’s Potential Rise
- What new updates are there about the Ethereum ETFs and their expected launch?
- Why Solana Hasn’t Performed Significantly Better Since the Trump News
- What Market Breadth Indicates About the Current Market Rally and the Impact of Interest Rates on Small Caps
- Everyone’s predictions on ETH ETF inflows and how much outflow we’ll see on Grayscale’s ETHE
- What’s next for BTC now that the German government is out of Bitcoin and Mt. Gox distributions begin this week?
Hosts:
Guest:
- Jack Platts, Co-Founder and Managing Partner at Hypersphere Ventures
