Trump’s crypto pivot explained: Stocks in Translation

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Phil Rosen ข่าว

Trump,Translation,Running Mate

On “Stocks in Translation,” Phil Rosen, co-founder and editor of Opening Bell Daily, provides in-depth insights into Trump's recently declared opposition to ...

provides in-depth insights into Trump's recently declared opposition to Central Bank Digital Currencies , his choice for a pro-crypto running mate in JD Vance and its implications for the broader crypto market. Rosen also goes on to discuss the overall influence any President would have on markets, a reversal for small caps and the journalism environment overall.

So the most obvious thing I think uh that I've been covering is the crypto market response to uh Trump's increasing election odds or the election victory odds.And um you have a lot of meme coins that are tied to Trump or mega that are also going up right now.He's come out as very crypto friendly and he just picked uh JD Vance as his running mate who is also known as a crypto friendly guy.

Um, you know, something that Trump is, uh, known for is he wants less regulation and that can be seen as a pretty bullish thing for stocks, especially small caps.Uh, so I think that falls into the, the Trump trade is just based on his desire to deregulate a lot of different things.Yeah, I think, you know, I agree with you, stocks go up and for the most part it's not supposed to matter what the president does.He would quote the stock market all the time.

So we're always trying to pick winners and potential losers even though, you know, we're in this bull market and it could be a totally different set of stocks that do well under Trump as would do well under Biden.But I go back, I go back to, you know, putting my hat on it.What was going to happen under Biden?So I'm wondering sometimes how in your newsletter or in your reporting, you decide that something is moving market.

But then there are other days when, you know, there's not a lot of volatility and may I'll ask you this, there's not a lot of volatility. I don't, I, I think it was just an easy, it was an easy grab, but I don't actually understand why Biden didn't do this.So, I think one thing that's not super talked about is that Trump has come out and said he doesn't want central bank digital currencies.So that has been something I think that, um, is getting priced in to crypto markets.

I'm just wondering what kind of reporting you've done along these lines and what you're seeing, the dynamics, how they play out. Uh, embarrassingly, I don't know who's heading the CFTC right now, but the CFTC has been a lot more crypto friendly than the SEC over the Biden administration.Some, what I think are some were potentially some scary things with respect to the futures market based on the FTX model.But yeah, I think we'll get, I think we'll get some more politically uh crypto leaning people in those chairs.

And, uh, you started your own morning newsletter, your own business and tell us what it, what that was like for you.I'm, I'm self taught journalist.Um So I was covering markets and investing at business insider for almost three years and that was great. How do you kind of weed out the information that, you know, you, you don't want to listen to and, and the information you do want to use signal noise problem.

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