What Trump’s Win Means For Crypto, Bitcoin Surges To New ATH, $1.3 Billion Inflows To BTC ETFs, UK Pension Makes BTC Allocation (#194 - 10 November)

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1. My POV On The Impact Of Trump’s Win On Crypto Markets

What is the impact of Trump’s win on Bitcoin and crypto markets?

I recorded a short video on the biggest areas to watch moving forward, including a change in the US regulatory stance toward digital assets, more institutional investors coming into the space, and a wave of crypto-related M&A.

You can watch my commentary video here.?

2. Bitcoin Surges To Record Above $76k

Bitcoin soared past $76,000 following Trump’s election night win, reaching a new all-time high above $76,850 by Thursday morning.?

This was expected in the event of a Trump win as he has been very clearly pro Bitcoin and pro crypto.

Positioning himself at times as a “crypto candidate,” Trump accepted donations in Bitcoin, ETH, and Dogecoin and pledged to remove SEC Chair Gary Gensler on Day 1 of his administration.

Trump has also proposed a national Bitcoin reserve, promised to prevent a U.S. CBDC, and stated that the US would be the global leader in Bitcoin mining.?

Bitcoin wasn’t the only crypto asset that saw significant surges following Trump’s win, with big increases in altcoins as well.?

I covered how 40 million Americans own crypto and how this could potentially impact the race on the eve of the election here.?

[NEWSLETTER CONTINUES BELOW]

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3. Bitcoin Spot ETFs See Over $1.3 Billion In Inflows

U.S. Bitcoin ETFs posted a record daily inflow of $1.38 billion following Donald Trump’s election this week, not surprisingly pushing Bitcoin to a new all-time high of over $76k.

The one thing to watch here is the U.S. financial adviser market, and we should not forget that the 401k market in the U.S. is over $7 trillion alone.?

In this new Trump era, these advisers will need new ideas to pitch to their clients. We should expect questions like “What do you think about a Bitcoin ETF?” or “What do you think about some Bitcoin exposure?” to pop up a lot.?

And the ETF inflows to continue.?

4. UK Pension Scheme Makes Bitcoin Allocation

UK-based pension specialist Cartwright reported that an “unnamed scheme” allocated 3% of Bitcoin into its pension fund.?

I am surprised this news is not getting more attention, perhaps due to the new record price of Bitcoin and the inflows after Trump’s win.?

But this is a big deal. And this should be read along with the recent developments in the U.S. state pension world, with the latest being the Florida State CFO proposing that the state diversify more into Bitcoin.?

Many pensions and even SWFs have existing crypto exposure but mainly via venture capital funds. The gatekeepers to such allocators are the big pension consultants. Once they start recommending even a small allocation to Bitcoin, then we’re talking about serious amounts of capital coming into the space.?

And with a Trump win in the U.S., I would not be surprised to see questions from Republican states to these consultants regarding Bitcoin and crypto.?

So, definitely a development to follow.?

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What are some of the benefits of teaching kids about crypto?

What are some ways to make learning about complex topics engaging for kids?

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Henri Arslanian

*Please note that this newsletter reflects Henri’s personal views and not those of any organisation he is involved with. This newsletter is for educational purposes only, and none of its content should be construed as investment or financial advice of any kind.?

Who is Henri?

Henri Arslanian is the co-founder and managing partner of Nine Blocks Capital Management, an institutional-grade hedge fund focused exclusively on digital assets, with a market-neutral crypto fund focused on generating alpha from inefficiencies in crypto markets using relative value, arbitrage, and quantitative strategies.?

Henri was previously a partner and global crypto leader at PwC. In that role, he advised many of the world’s leading crypto exchanges, investors, financial institutions, and tech firms on their crypto initiatives and numerous governments, regulators, and central banks on crypto regulatory and policy matters.

With over 500,000 LinkedIn followers, Henri is a TEDx and global keynote speaker, a best-selling published author, and is regularly featured in global media, including Bloomberg, CNBC, CNN, BBC, The Wall Street Journal, The Economist, and the Financial Times.?

Henri was named by LinkedIn as one of the 2022 global Top Voices in Finance and is the host of the CryptoCapsules? social media video series as well as The Future of Money podcast and newsletter.