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The ‘Trump Trade’ Crypto Narrative is Overblown

November 4, 2024

Recent rises in bitcoin prices have led some to believe that Trump, should he win, will be great for the industry. But the reality may be more complicated, says Alex Tapscott.

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Alex Tapscott

https://www.coindesk.com/opinion/2024/11/04/the-trump-trade-crypto-narrative-is-overblown/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-11-04 15:45:50

byAlex Tapscott
Updated

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weth
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ethena-usde
Ethena USDe (USDE) $ 0.999302 0.07%
pi-network
Pi Network (PI) $ 0.651084 0.75%
monero
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whitebit
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wrapped-eeth
Wrapped eETH (WEETH) $ 1,923.20 1.80%
pepe
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coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 94,759.39 1.05%
uniswap
Uniswap (UNI) $ 5.94 1.51%
aptos
Aptos (APT) $ 5.62 0.89%
ondo-finance
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NEAR Protocol (NEAR) $ 2.70 4.64%
okb
OKB (OKB) $ 53.51 1.67%
official-trump
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bittensor
Bittensor (TAO) $ 348.59 2.49%
internet-computer
Internet Computer (ICP) $ 5.45 3.74%
gatechain-token
Gate (GT) $ 23.17 0.89%
kaspa
Kaspa (KAS) $ 0.106454 1.61%
susds
sUSDS (SUSDS) $ 1.05 0.02%
ethereum-classic
Ethereum Classic (ETC) $ 17.32 1.51%
aave
Aave (AAVE) $ 170.60 2.12%
bitcoin
Bitcoin (BTC) $ 94,770.39 1.17%
ethereum
Ethereum (ETH) $ 1,805.05 1.74%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.23 1.93%
bnb
BNB (BNB) $ 603.99 0.58%
solana
Solana (SOL) $ 151.90 1.18%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.186903 2.70%
cardano
Cardano (ADA) $ 0.729909 1.31%
tron
TRON (TRX) $ 0.246713 1.24%
staked-ether
Lido Staked Ether (STETH) $ 1,803.91 1.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,722.38 1.32%
sui
Sui (SUI) $ 3.56 0.07%
chainlink
Chainlink (LINK) $ 15.16 0.53%
avalanche-2
Avalanche (AVAX) $ 22.58 1.28%
stellar
Stellar (XLM) $ 0.295481 5.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.69%
leo-token
LEO Token (LEO) $ 9.05 1.98%
hedera-hashgraph
Hedera (HBAR) $ 0.197236 2.94%
the-open-network
Toncoin (TON) $ 3.24 0.17%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,167.30 1.80%
usds
USDS (USDS) $ 1.00 0.00%
bitcoin-cash
Bitcoin Cash (BCH) $ 370.45 2.89%
litecoin
Litecoin (LTC) $ 87.55 3.38%
polkadot
Polkadot (DOT) $ 4.32 0.21%
hyperliquid
Hyperliquid (HYPE) $ 18.23 2.60%
bitget-token
Bitget Token (BGB) $ 4.47 0.26%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.08%
weth
WETH (WETH) $ 1,805.35 1.88%
ethena-usde
Ethena USDe (USDE) $ 0.999302 0.07%
pi-network
Pi Network (PI) $ 0.651084 0.75%
monero
Monero (XMR) $ 228.80 0.07%
whitebit
WhiteBIT Coin (WBT) $ 29.21 0.77%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,923.20 1.80%
pepe
Pepe (PEPE) $ 0.00001 8.52%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 94,759.39 1.05%
uniswap
Uniswap (UNI) $ 5.94 1.51%
aptos
Aptos (APT) $ 5.62 0.89%
ondo-finance
Ondo (ONDO) $ 1.04 4.11%
dai
Dai (DAI) $ 1.00 0.00%
near
NEAR Protocol (NEAR) $ 2.70 4.64%
okb
OKB (OKB) $ 53.51 1.67%
official-trump
Official Trump (TRUMP) $ 15.20 16.29%
bittensor
Bittensor (TAO) $ 348.59 2.49%
internet-computer
Internet Computer (ICP) $ 5.45 3.74%
gatechain-token
Gate (GT) $ 23.17 0.89%
kaspa
Kaspa (KAS) $ 0.106454 1.61%
susds
sUSDS (SUSDS) $ 1.05 0.02%
ethereum-classic
Ethereum Classic (ETC) $ 17.32 1.51%
aave
Aave (AAVE) $ 170.60 2.12%