Empire Newsletter: How US presidencies map to crypto markets

The post Empire Newsletter: How US presidencies map to crypto markets appeared on BitcoinEthereumNews.com. Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. Moon signals It’s been said that the stock market is like astrology for dudes in finance. If that’s the case, then mapping politics to markets must be akin to crystal healing, or animal magnetism. Let’s not let that get in the way of a good time. Republican nominee and former President Donald Trump is scheduled to appear later this week on stage in Nashville at Bitcoin 2024.  It’s set to be a landmark event for Bitcoin and the broader crypto space. It’s not the first known instance of a former US president participating in an industry event — President Bill Clinton took that honor alongside former UK Prime Minister Tony Blair at Sam Bankman-Fried’s Crypto Bahamas Conference in April 2022.  Terra would implode a few weeks later and FTX collapsed six months after that, mostly under the weight of Bankman-Fried’s fraud. He was later sentenced to 25 years in prison, almost 700 days after the Bahamas event. Fingers crossed Trump’s appearance at Bitcoin 2024 bodes better for crypto.  And there are plenty of folk who believe that it will. Same with Trump’s positivity towards Silicon Valley — the general consensus being that the tech-heavy stock market will have more room to run under a second Trump administration. And while the Nasdaq has decoupled from bitcoin over the past three weeks, what’s good for tech stocks is still considered pretty good for crypto. Now’s time for the crypto’s political palm reading. Five different administrations have directed American politics over the last 30 years, two Republican (Bush and Trump) and three Democrat (Clinton, Obama and Biden). Red for Republican, blue for democrat, AAPL for scale (chart is in “log” view) Markets under…

Jul 25, 2024 - 15:00
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Empire Newsletter: How US presidencies map to crypto markets

The post Empire Newsletter: How US presidencies map to crypto markets appeared on BitcoinEthereumNews.com.

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. Moon signals It’s been said that the stock market is like astrology for dudes in finance. If that’s the case, then mapping politics to markets must be akin to crystal healing, or animal magnetism. Let’s not let that get in the way of a good time. Republican nominee and former President Donald Trump is scheduled to appear later this week on stage in Nashville at Bitcoin 2024.  It’s set to be a landmark event for Bitcoin and the broader crypto space. It’s not the first known instance of a former US president participating in an industry event — President Bill Clinton took that honor alongside former UK Prime Minister Tony Blair at Sam Bankman-Fried’s Crypto Bahamas Conference in April 2022.  Terra would implode a few weeks later and FTX collapsed six months after that, mostly under the weight of Bankman-Fried’s fraud. He was later sentenced to 25 years in prison, almost 700 days after the Bahamas event. Fingers crossed Trump’s appearance at Bitcoin 2024 bodes better for crypto.  And there are plenty of folk who believe that it will. Same with Trump’s positivity towards Silicon Valley — the general consensus being that the tech-heavy stock market will have more room to run under a second Trump administration. And while the Nasdaq has decoupled from bitcoin over the past three weeks, what’s good for tech stocks is still considered pretty good for crypto. Now’s time for the crypto’s political palm reading. Five different administrations have directed American politics over the last 30 years, two Republican (Bush and Trump) and three Democrat (Clinton, Obama and Biden). Red for Republican, blue for democrat, AAPL for scale (chart is in “log” view) Markets under…

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