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The Trend is Your Friend: BTC's Bullish Signals Should Not Be Ignored for the Rest of the Year

Susan Sarandon
Release: 2024-11-13 00:00:27
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In the world of investing, the age-old adage “The trend is your friend” is as relevant as ever. Recognizing a strong trend and understanding how to capitalize on it can be the difference between sitting on the sidelines and making meaningful gains.

The Trend is Your Friend: BTC's Bullish Signals Should Not Be Ignored for the Rest of the Year

Despite BSV’s potential remaining at the heart of my outlook on blockchain, there are always opportunities to consider along the way. The ability to recognize and strategically ride a trend—especially when it aligns with broader economic and political shifts—can be a powerful tool for building wealth. A trend that is also starting to materialize seriously is the trend toward the popularity of independent political power—as this election clearly shows.

And that’s another aspect of all of this that I really think is worth considering deeply. There is a new and encouraging macro trend in the culture.

Donald Trump’s political trajectory has been as maverick as they come, a fact that continues to influence his appeal. Trump was once a registered Democrat and a longtime ally to New York politics and families like the Clintons. His history mirrors those of many of his notable allies and backers: a strong business focus and a commitment to the American worker. Unlike the typical partisan playbook, Trump’s policies and rhetoric have drawn a significant populist coalition of disillusioned Democrats, moderates, and former liberals who have grown frustrated with what they see as an increasingly ideologically driven and divisive landscape on the left. This even crept into traditional minority communities who voted for Obama and Biden, but feel like the Democratic party has abandoned the middle class in favor of Hollywood and fringe social politics.

Figures like Elon Musk, Tulsi Gabbard, Robert F. Kennedy Jr., and even semi-outside allies like Joe Rogan are either directly aligned with Trump’s views or have found common ground with his emphasis on economic pragmatism, classical patriotism, and disdain for the “woke” culture that dominates mainstream Democratic politics today while still seeing themselves fundamentally as Democrats or liberals at their core.

Each of these figures once belonged to or aligned with the Democratic Party yet found themselves pushed out as their focus on practical issues like job creation, economic self-sufficiency, and freedom of speech became politically untenable in their former circles. Elon Musk, formerly a proponent of clean energy and tech-forward liberal policies, is now a vocal critic of identity politics, aligning more closely with libertarian and conservative values around business freedom and free speech. He’s also aligning himself with the classic maverick Republican Ron Paul to run “DOGE,” the Department of Government Efficiency.

Tulsi Gabbard, a former Democratic congresswoman and presidential candidate, left the party to focus on military reform, protection of individual liberties, and a non-interventionist foreign policy—issues she argues no longer have a place in the modern Democratic platform. Robert F. Kennedy Jr., a well-known pro-environmental and anti-corporatism advocate, has pivoted toward defending American freedoms against governmental overreach and the deep corporatism that has come on the backs of Democratic Party administrations, a position that has now made him a darling with unconventional, populist conservatives.

On an even more surprising note, we are even seeing health-conscious policies—a cornerstone issue of the populist left since at least the 1960’s—become a key right-wing issue as traditional conservatives embrace healthy eating and living as a core value. And the weird part is that liberals are now rejecting health due to its association with right-wing red flags!

In many ways, Trump’s upcoming administration appears ready to lead a coalition that is as untraditional as he is. This unorthodox crew’s appeal lies not in the traditional left-right spectrum but in their shared mission to cut through political ideology and focus on policies that have tangible effects on the lives of working Americans. They’re not afraid to ruffle feathers in either party, which resonates in an era where the electorate is deeply frustrated with the establishment. For the blockchain world, this new-school energy translates to a more favorable regulatory environment, particularly if policies are shaped with a hands-off, business-friendly approach, which will be a net good for the industry.

While Trump’s deeply unconventional style comes with risks—including his often unpredictable stance on regulation and the potential for bolstering the more speculative side of crypto—this new political climate presents a unique moment for growth-oriented sectors like mining, traditional energy, and blockchain. Each of these industries stands to benefit if Trump’s administration carries forward a pro-business, anti-regulation stance.

With all of this in mind, a savvy investor will keep an eye on the sectors that stand to benefit from Trump’s neo-traditional coalition, from BTC mining to fossil fuels, manufacturing, free speech media, and beyond. It might be a good season to follow the trend of entrepreneurship, health, personal empowerment, hard work, and, in some cases, just being an average American without any hyphens or reservations. Staying attuned to these trends could be the key to navigating the next four years of American politics with confidence and profitability.

On a personal note, there is a real opportunity here to ingratiate the new administration to the power of managing real assets on a truly scalable blockchain. Instead of simply criticizing Charles Hoskinson or Trump’s DeFi project, I would

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