Below, you can see m1 and m2 are grinding into an upward trend reversal. Eth and other alts don’t do well when the money supply is in a contractionary stage. But they run wild in the expansionary stage.
If Trump wins the election (like it or not, it’s looking pretty likely) we’re going to have rate cuts and a crypto friendly cabinet.
Rumor has it that Kamala Harris has been invited to the Bitcoin 2024 conference. So there’s a chance that she might compete for our vote with crypto friendly policies. Not hodling my breath, but she doesn’t seem like the type that would turn down a new block of voters and donors.
I think ETH is set to dominate, since it’s the most liquid, most developed, overcame regulatory FUD and has delivered on its promises around staking and scaling.
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