sport football: How the Crypto Vote Could Swing This Election

October 30, 2024 | Listen Online | Read Online

How the Crypto Vote Could Swing This Election

If anyone has cause to be skeptical of politicians, it's Brad Garlinghouse.

Garlinghouse is the CEO of Ripple Labs, the company behind the Ripple (XPR) token.

XRP is the seventh-largest crypto with a market cap over $30 billion. And Garlinghouse is one of the most important players in the industry.

In 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple for allegedly issuing XRP as an unregistered security. Ripple counterargued that XRP is not a security like stocks or bonds – but functions more like bitcoin (BTC).

The SEC considers bitcoin a commodity. Commodities are regulated by the Commodities Futures Trading Commission (CFTC), which has taken a friendlier crypto stance than the SEC.

I don't want to get into all the legalities here.

Long story short, XRP won its argument. A federal judge ruled XRP is not a security when sold to retail investors on exchanges. It was a major victory not only for Ripple, but for the entire crypto industry.

It was also a wakeup call…

To get the anti-crypto crusaders at the SEC off his back, Garlinghouse had to get political. So it should come as no surprise that Ripple has donated at least $45 million to a pro-crypto political action committee (PAC).

Friends, I'm no political expert. But I do know money.

A man like Garlinghouse doesn't spend millions of dollars during an election if he isn't convinced that the stakes aren't incredibly high.

Here's what he told CNBC in an interview last week:

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This is the most important election we've had, but I also believe no matter what happens, we're going to have a more pro-crypto, more pro-innovation Congress than we've ever had."

Garlinghouse is reportedly highly optimistic about the post-election environment for crypto. To me, this is just more evidence that the outcome of the 2024 U.S. presidential election will trigger a massive boom in a small corner of the crypto market.

That's why tonight at 8 p.m. ET, I will do something I've never done before in my career as a financial newsletter writer.

I'm going on camera to announce my official prediction of who I believe will win the race between Vice President Kamala Harris and President Donald Trump.

And those who act before the results are announced on November 6 could position themselves for 500x gains or more.

So whether you support VP Kamala Harris, President Trump – or neither candidate – you'll want to attend this historic event.

How Crypto Can Swing the Election

To prepare for tonight's election briefing, I spent the past several weeks examining the latest polling, voting, and market data. And it suggests to me that the crypto lobby and voting bloc could play a decisive role in this election.

An estimated 40% of American adults now own crypto. That translates to about 93 million people. And among current crypto owners, around 63% hope to obtain more over the next year.

According to a recent survey, this group of crypto owners is politically active and represents a higher turnout in sheer numbers than the margin of victory in several swing states during previous elections.

As you can see, the number of crypto voters alone could swing the election one way or another. And the crypto lobby is spending hundreds of millions of dollars to get that voting bloc to the polls.

So far this election cycle, the industry has poured $130 million into elections across the U.S., according to the Federal Elections Commission (FEC).

That outpaces both the big banks and oil. Crypto lobby spending accounts for nearly half of all donations made by corporations this election cycle.

And when the crypto lobby flexes its muscle, it usually gets its way. Of the 42 primary candidates that crypto-backed super PACs supported, 36 were successful.

That's why I agree with Garlinghouse when he says we'll likely see a complete "reset" of the regulatory environment for crypto for the better after the election.

"That is a hostile administration, and no matter what happens in this next election, we will have a reset," Garlinghouse said in the CNBC interview, speaking of President Joe Biden. "We can debate the magnitude of that reset, and there's lots of disagreement about that… [But] we're going to see forward progress, and I certainly am looking forward to that.

"Anybody who doesn't believe that no matter what, we're going to end up in a better place, is not paying attention… And [if in] 10 years we look back on how the U.S. got it wrong for years and years… It's going to be a speed bump, and this industry is going to continue to thrive."

Despite being a politically agnostic asset, crypto is now a political issue. And when you think about it, it was inevitable this would come about.

You don't grow from a small industry with a few adopters to a multitrillion-dollar industry with millions of adopters without attracting the attention of politicians.

And if you attract the attention of politicians, you need a lobby to protect your interests.

Whether you like it or not, in American politics, policy follows the money. That's just the reality.

The Stakes Are Incredibly High

Longtime readers know I have never attempted to impose any political beliefs upon them. Your political beliefs are your own.

But what I will attempt to do is put you in a position to make the most amount of money, in the shortest time frame possible, from a political event.

That's why I urge you to attend my special election briefing tonight at 8 p.m. ET.

During the briefing, I'll give you my prediction on who will win the presidential election.

Now, I know when I make this prediction, some people will get angry at me. But this isn't about me taking sides in an election.

I want to be very clear here. I'm not giving you my personal political position. I'm simply giving you my unbiased analysis of the data.

I'm not telling you who to vote for. That's your decision. And I respect it.

What I will share with everyone who attends are the details about six "500x coins" I believe have the potential to skyrocket after the election.

I'll also give away the name of a coin that's directly linked to the election results I'm predicting. It could double the moment the new POTUS is announced.

You'll get the name and ticker symbol of this token just for showing up – absolutely free with no strings attached.

As Election Day nears, we're already seeing bitcoin starting to rally. Over the past week, BTC is up 11% from its lows. By comparison, the broad market is up 1% from its lows.

But I don't believe the biggest gains from the election outcome will come from BTC.

They'll come from a tiny subsector of the crypto market.

I'm not talking about blockchain software platforms like Ethereum or Solana. Or crypto tokens that come with automatic payouts. I'm talking about a small subset of tokens that have the potential to make you 500x your money.

I'm talking about the potential to turn a handful of $1,000 investments into a massive six-figure or even seven-figure payout, without putting your current lifestyle at risk.

I know this sounds insane. But consider this…

U.S. presidential elections are both the most uncertain and highest-impact events that influence the stock market. Over the last 20 years, volatility during election years has been sharply higher than non-election years.

And when volatility is high in the crypto market, the impossible becomes possible.

It's like being able to breathe underwater without a scuba tank. It shouldn't be allowed to happen. It defies all natural laws. But we've seen it happen… and we're about to see it happen again.

Friends, this election is creating a rare window of opportunity…

Historians will mark November 5 as the beginning of one of the biggest booms in the history of financial markets.

And if you miss it, I believe you'll never again in your lifetime have a chance to add so much wealth to your net worth, starting with such a small stake.

Let the Game Come to You!

Big T