As a seasoned crypto investor with over a decade of experience navigating the volatile digital asset market, I find myself intrigued by Alex Krüger’s strategy for the 2024 U.S. Presidential Election. His approach to leveraging Solana (SOL) under a potential Trump presidency is an interesting play, given the anticipated market volatility on election night due to complex vote-counting procedures.
Known crypto expert Alex Krüger has revealed his plan for predicting the outcome of the 2024 U.S. Presidential Election, detailing a change in his financial forecasting methods.
On October 25th, 2024, he disclosed via social media platform X (previously Twitter) that he originally intended to invest in both Ethereum (ETH) and Solana (SOL), leveraged, if it seemed likely that former President Donald Trump would win the election. However, he has since altered his strategy, focusing solely on Solana (SOL), as he believes it could be a more profitable move under a Trump-led market, having removed Ethereum from his investment plan.
Krüger outlined his approach, which primarily revolves around the day of the election. He intends to employ a method, possibly involving continuous future contracts, on Solana if Trump appears to be leading. Initially, he had planned to incorporate Ethereum into this strategy, but has since shifted focus solely towards Solana. He predicted that the value of Solana could dramatically increase following a Trump victory, although he warned about potential market fluctuations during the election night due to the intricate process of vote counting and reporting.
When questioned about his plan’s details, Krüger explained that it hinges on his position during the election night. He hinted at using SOL, maintaining at least a 10% safety margin from the baseline, although he won’t finalize his strategy until the events of the night transpire. Furthermore, he stated that he would take a long position in the SOL spot market, a stance he intends to maintain throughout the election.
Krüger’s shift from Ethereum (ETH) isn’t because he thinks the value of ETH will drop against the U.S. dollar; instead, his hesitation is based on broader market conditions and key indicators. Krüger pointed out that the ETH/Bitcoin (BTC) pair has been in a prolonged downtrend for several years now, and there hasn’t been a major event suggesting a potential turnaround. This continued drop in Ethereum’s performance compared to Bitcoin indicates a possible change in investor attitudes.
Additionally, he highlighted the trend of on-chain actions shifting from Ethereum, suggesting a growing user interest in other networks. Krüger also noted that although Layer 2 solutions are becoming more prevalent within Ethereum, they haven’t yet produced significant value that directly benefits ETH.
Instead of contrast, he pointed out that Solana seems to have reached a point of rapid growth, or “escape velocity,” which strengthens its position as a leader in sectors such as DeFi and NFT trading. As per Krüger’s observations, Solana has surpassed Ethereum in the “degen wars,” attracting a larger and more active user base that is drawn to speculative assets.
Krüger continued by stating that upcoming regulatory adjustments might significantly impact Ethereum’s development in the future. He proposed that if Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), were to step down, it could lead to a more advantageous scenario for ETH.
As an analyst, I find it intriguing that a potential regulatory change could boost the appeal of Ethereum Exchange Traded Funds (ETFs) by allowing them to stake their holdings. This could attract more investors. However, it’s important to note that this same regulatory enhancement might also advantage Solana, potentially paving the way for Solana-based ETFs. This dual benefit, in Krüger’s view, seems to level the playing field between Ethereum and Solana, as neither appears to hold a unique edge based on his analysis.
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2024-10-28 17:05