As the 2024 U.S. presidential election looms, the intersection of politics and cryptocurrency is becoming increasingly important.
Roundtable anchor, Rob Nelson, sat down with Jon Najarian, Co-Founder of Market Rebellion; Alex Mascioli, Co-Founder of TradeTheChain.com; and David Gokhshtein, CEO of Gokhshtein Media, to discuss how political developments could influence bitcoin’s trajectory in the coming months.
“Traditional financial markets may accommodate for politics; I think crypto leans into politics. It plays off the politics,” Rob Nelson opened the discussion. Jon Najarian concurred, stating, “Both the assets we’re talking about, precious metals and bitcoin, do play off of politics.” He added, “I’m completely against central bank digital currency (CBDC), and yet that’s the only form, if you will, that Vice President Harris supports.”
When asked for his prediction up to the election, Alex Mascioli said, “I think we’re seeing volatility as long as there’s uncertainty, and that’s how markets have always reacted.” He emphasized, “Unless there’s an event-driven price push, no, I don’t see it. I just see volatility within the range.”
Jon Najarian speculated on potential scenarios: “If [former President] Trump was pulling away before the election… you want to be all over bitcoin — $85,000 to $100,000 well within possibility within the first two months of next year.” He noted, “If he doesn’t, then I think it’s somewhat range-bound for a while.”
David Gokhshtein offered a more optimistic outlook. “You guys aren’t bullish enough,” he declared. “No matter who wins… bitcoin and ethereum are going up regardless. The altcoins will suffer, but bitcoin and ethereum go up.” He urged investors, “This is an opportunity to get in at a lower price. Why not be bullish right now?”