With Rate Cuts and Upcoming Elections, What’s the Best Play in Crypto?

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The Fed just made its first rate cut in years, slashing 50 basis points off interest rates—but what does this mean for the crypto markets? With Bitcoin lagging behind traditional finance, and the looming U.S. elections, uncertainty is growing.

In this episode, Quinn Thompson of Lekker Capital and Travis Kling of Ikigai Asset Management break down the major factors influencing the markets: from Bitcoin’s sluggish summer and the unwinding of the Japan yen carry trade, to why the 2024 elections could be a pivotal moment for crypto. Are these the catalysts we’ve been waiting for, or should we brace for more turbulence ahead?

Also, they cover which assets could benefit the most under a Trump administration, and why they believe SOL could have a negative catalyst in the near future.

Show highlights:

• Why the Fed cut the rates by 50 basis points and what the chances of a recession are in the U.S.
• Why Bitcoin has underperformed the broader TradFi markets this summer
• The risks of the unwinding of the Japan carry trade for crypto
• How the election results might matter differently for different sectors of the industry
• Whether rate cuts affect stablecoin yields in DeFi
• How the approval of Bitcoin ETF options will affect the price of BTC
• Whether Bitcoin miners will be affected by AI’s need for computing power
• Ether’s lagging performance this year and what might be a huge catalyst for ETH
• How SOL will manage through the huge unlock in early 2025
• What Quinn and Travis think about investing in memecoins
• How the rise of Base will impact Coinbase

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

• Polkadot
• Mantle
• Gemini

Guests:

• Quinn Thompson, CIO of Lekker Capital
• Travis Kling, Founder and CIO of Ikigai Asset Management
  • Previous appearance on Unchained: With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.