šŸ”„30X Profit Expected from AIG TokenšŸ”„ AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donā€™t miss this opportunity; join the pre-sale at the official website, PlayAiGames.Online
Advertise here

Politics and memecoins drive the conversation on day 2 of Permissionless

AIG PRE SALE


The mix of retail and institutional, DeFi and TradFi, suits and T-shirts has been a staple at Permissionless since the inaugural event in 2022. Crypto influencers and US senators find themselves under the same roof this year for three days in Utah.Ā 

But the circumstances this year are special. When Permissionless III wraps on Friday, there will be 26 days left until the 2024 presidential election. This reality has crept into almost every discussion, both on stage and on the expo floor.Ā 

Source: Mike Lawrence for Blockworks

ā€œI think it is bullish if Trump wins, and itā€™s probably negative for a little bit if [Harris] wins,ā€ Dan Tapiero, founder of 1Roundtable Partners and 10T Holdings, said during a Thursday panel discussion. ā€œBut the reality is that this move toward putting all value on a blockchain is bigger than one election.ā€Ā 

Read more: Axe throws and crypto wizards: Permissionless III is underway

The comments contrast a widely accepted narrative from many industry players ā€” and certain politicians ā€” that a second Donald Trump presidency will lead to a more friendly environment for crypto in the US.Ā 

ā€œHeā€™s evolved on this issue to the point where heā€™s going to advocate for it,ā€ House Majority Whip Tom Emmer told Blockworks of Trumpā€™s crypto stance and the about-face heā€™s done in recent months.Ā 

ā€œ[Harris] doesnā€™t know what sheā€™s talking about,ā€ he added.Ā 

Couple the looming election with increasingly uncertain macroeconomic conditions and a crypto market that just canā€™t seem to take off again, and you paint a somewhat bleak picture. Still, the speakers in Salt Lake City managed to bring some levity to the situation: Focus on the memes.Ā 

ā€œI donā€™t want to wax too philosophical here, but partially because the transparency of mobile phones, trust in US institutions has really gone down,ā€ VanEck CEO Jan van Eck said on stage.Ā 

ā€œTrust in Congress, trust in academia, trust in mainstream media has basically disappeared,ā€ van Eck added. ā€œThe fact that some of the memecoins make fun of some of that, I think, is great. Itā€™s a joyful response, a social response.ā€Ā 

Read more from our opinion section: Political candidates can no longer ignore crypto voters

Aside from politics and memecoins, it just wouldnā€™t be a crypto conference if people didnā€™t talk about price action. Even as bitcoin dipped below $59,000 Thursday, the bulls were unphased.Ā 

Tapiero said he expects BTC to hit between $150,000 and $180,000 in two years or so.Ā 

Pantera Capital CEO Dan Morehead threw out a number too: $117,000 by August 2025.

Van Eck didnā€™t share a specific price expectation, but added with a smile: ā€œI think weā€™re all bulls on this stage.ā€

Ben Strack contributed reporting.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter ā€” market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *