Fall of the Anti-Crypto Empire
Posted November 06, 2024
James Altucher
While everyone’s busy watching the talking heads spin their narratives…
The game has changed for crypto.
First, BlackRock moved an unruffled billion into Bitcoin ETFs in twenty minutes flat.
Translation: A month's worth of normal institutional flow compressed into the time it takes to get coffee.
BlackRock doesn't make moves like this without a long game in mind.
Second, the Polymarket betting odds nailed what was coming.
While traditional polls were throwing darts blindfolded, the betting markets told the real story.
On Polymarket -- the biggest crypto prediction platform -- the odds moved with surgical precision as the actual votes came in.
Why? Because people bet real money, not survey responses.
Third? The SEC is about to get a rude awakening.
Gensler's SEC has been treating crypto like a three-headed monster at a pet show.
In short…
We're looking at changes that will fundamentally shift how digital assets are regulated in the US.
Just look at the changing of the guard.
Fall of the Anti-Crypto Empire
In my home state of Ohio, Sherrod Brown just got knocked off his Senate Banking Committee throne by Bernie Moreno.
This wasn't just any old race -- the crypto industry poured $20 million into it.
See, Brown wasn't just another anti-crypto voice.
He was blocking everything from the command center. Stablecoins? Blocked. FIT 21? Blocked. Even basic banking reforms that other Democrats supported? Blocked.
But that’s just the start of the shift…
Look at the numbers: 219+ pro-crypto candidates were elected to the House and Senate. The crypto voter spoke across party lines.
Nobody gets elected running against the internet anymore. Soon, the same will be true for crypto.
Welcome to a new era. The anti-crypto empire just lost its Death Star. Bam.
Here’s What Happens Next
Here’s something to consider:
In the entire history of Bitcoin, it's never gone below its election day price after the fact.
Not once.
If history is any indicator, $67k is a floor.
But beyond price, here’s what I expect in 2025:
- Treasury starts playing nice with banks and crypto
- Arbitrary anti-crypto lawsuits? Poof. Gone.
- Stablecoin legislation actually has a shot
- The ETF floodgates crack open (though maybe not immediately)
For years, crypto's been playing defense against a regulatory onslaught. Now? The table's turned. The anti-crypto army just got its marching orders: retreat.
Point is…
There's a time to be cautious and there’s a time to read the room. BlackRock doesn't throw a billion dollars at something for fun. The betting markets don't nail predictions by accident.
And markets don't usually give you this many flashing neon signs saying "THIS IS THE BIG ONE."
The next few months aren't just about price action. They're about a fundamental shift in how big money views crypto.
Watch the flows. Watch the institutions. But most importantly, watch what they do, not what they say.
Because in markets like these, actions speak louder than words.
And right now? The money's screaming louder than a jet engine.