- 2036
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- đź‘€ What just happened?
GM everyone. This is 2036.
Today will be short and sweet.
On Friday, I wrote that—
Trump winning the presidency is one of the most mispriced events in crypto.
Trump would likely replace the anti-crypto SEC chairman Gary Gensler with someone much more pro-crypto.
And any pro-crypto comments he makes along the way could majorly move markets.
[…]
… months of negative sentiment can be eliminated in a few days of trading activity.
All eyes are on Bitcoin to lead the next leg higher.
Well… let’s look at what just happened.
After the shooting this weekend, Trump’s odds of winning the election surged to 70%:
And as his odds of winning surged… so did the crypto markets. At the time of this writing, Bitcoin is sitting around $63,000.
Remember, Trump is pro-business and pro-crypto.
That’s what markets want.
Now— we can forecast this weekend’s price action until the elections in November.
Every positive catalyst for Trump will likely be a positive catalyst for crypto, too.
For now, Bitcoin has reclaimed the very important $60K and $62K levels.
Next, Bitcoin will need to reclaim $64,000 to turn the remaining bears into bulls.
Of course, Bitcoin wasn’t the only one to move this weekend.
Although we’re likely getting an Ether ETF this week, Solana memecoins are popping the hardest.
In the last 24 hours—
POPCAT is making new all-time highs and up +33%
RETARDIO is up +24%
BILLY is up +43%
MICHI is up +46%
… which, again, is just the market telling you where it wants to go next.
Don’t overthink this, and importantly— don’t mid-curve it:
Don’t worry, I spent most of my life in the mid-curve too.
Now, instead of trying to go right… I just make sure I stay on the left.
In fact, Forbes just tallied the best-performing cryptocurrencies of the first half of 2024.
Forbes counted the top ten cryptocurrencies with the best performance in the first half of 2024, which are:
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8… x.com/i/web/status/1…— Wu Blockchain (@WuBlockchain)
6:19 AM • Jul 15, 2024
Half of them were memecoins.
If nothing (else) extraordinary happens, I’ll write about how to increase your odds of outperforming in this cycle later this week.
So stay tuned.
And have a great start to the week.
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.