June 24, 2024

Crypto Update | Bitcoin's Role in the Upcoming Election

15 minutes

The latest price moves and insights with Jenn Sanasie and Swan Bitcoin Senior Analyst, Sam Callahan.

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Today on "Markets Daily," Jenn Sanasie interviews Sam Callahan, Senior Analyst at Swan Bitcoin. They discuss the short-term price correction in Bitcoin and Ether, likely driven by long-term holders taking profits, miners liquidating assets, and ETF outflows. Despite this correction, the overall narrative for Bitcoin remains strong, highlighting its role as a hedge against currency debasement and a store of value.

Takeaways |

Bitcoin and Ether are experiencing a short-term price correction, potentially driven by long-term holders taking profit, miners selling off holdings, and ETF outflows.

The overall narrative for Bitcoin remains strong, with its value proposition as a hedge against currency debasement and a store of value.

Institutional investors are expected to increase their exposure to Bitcoin through spot Bitcoin ETFs.

Bitcoin's role in the upcoming election is significant, as millions of voters are passionate about the asset and may be swayed by politicians' stance on Bitcoin.

Single-issue voters who care about Bitcoin could potentially impact the election outcome.

Chapters |

00:00 The Short-Term Price Correction in Bitcoin and Ether

03:01 Bitcoin's Value Proposition as a Hedge Against Currency Debasement

06:16 Institutional Investors and the Rise of Spot Bitcoin ETFs

09:52 Bitcoin's Role in the Upcoming Election

13:28 The Potential Impact of Single-Issue Voters on the Election Outcome

LINKS |

CoinDesk 20

Swan Bitcoin

This episode was hosted by Jenn Sanasie. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez. Show notes may have been generated with the assistance of AI technology —all original music by Doc Blust and Colin Mealey.

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By CoinDesk

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