So it begins

the impact on crypto, the economy, geopolitics, media and more

“Hope is not a feeling of certainty that everything ends well. Hope is just a feeling that life and work have a meaning.” – Vaclav Havel ||

Hi everyone!! And wow. Just wow. I hope you’re all doing ok and either celebrating or adjusting to the shock or maybe both.

Today, I dive into what the surprisingly swift election result means for crypto, the economy, media, geopolitics and more. That’s it. Hard to concentrate on anything else today.

Oh, I’ve been invited onto the Bits and Bips livestream later today at 4:30pmET, so, you know, tune in! I don’t have a link, but you should be able to find it on YouTube.

Programming note: no newsletter tomorrow as I’ll be away from my desk all morning (giving a talk at a business school) – but, unless there’s a programming change (they happen), I’m scheduled to go on Bloomberg’s crypto show tomorrow at around 11amET. And I will be jumping into the subscribers’ chat on the Substack app or substack.com, so check in there if there’s anything you want to vent or ask about!

IN THIS NEWSLETTER:

• So it begins

• A good day for crypto

• There is a negative, though

• The economic tailwind

• Bitcoin vs gold

• The medium is the message

• Tectonic plates

• The ultimate winner

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

So it begins

Well, well.

Without declaring partisan affiliation (I’m not American), we got the best-case scenario in that a winner was declared. As I’ve been saying, the likely case going by the polls was dragged out uncertainty, and the worst case was a contested election – but the margins made even normally slow Pennsylvania a quick call.

This is a relief as with a clear winner, we – and markets – can start to get our heads around what this means.

It’s hard to fathom the coming changes, because they will affect much more than we probably realize. What’s more, the impact reaches from micro to macro, society to economy, local to global and then some.