Nic Carter: Did Bitcoin Win the Election?
Crypto podcaster, writer, and infrastructure investor Nic Carter discusses the role digital assets played in Trump's election, the persecution of Polymarket, and the "enormous spiritual chasm between the right and the left."
Was bitcoin the winner of the 2024 election? Just asking questions.
Donald Trump campaigned on a promise to protect bitcoin and the entire crypto economy.
Major endorsements from the industry followed, including from the Winklevoss twins, who each made a $1 million bitcoin donation to a pro-Trump PAC. Coinbase CEO Brian Armstrong called Trump's win the "dawn of a new crypto era." Bitcoin has hit new all-time highs, since the election.
Today's guest has been writing and speaking on these topics for a long time, and was also celebrating after the election, going so far as to call Trump's win a victory in a "spiritual war."
Nic Carter is a writer and general partner at Castle Island Ventures, which invests in crypto-financial infrastructure.
Let's start with crypto and bitcoin before we zoom all the way out to spiritual warfare. Nick begins by telling us why he's optimistic about Trump's second term in regard to making America a better place for people to buy, sell, and hold bitcoin and other crypto assets.
This conversation was recorded on Nov. 20, 2024. Between now and then, some important and relevant news has come to light, especially regarding debanking. There is a new intro to this episode detailing why this matters.
Sources referenced:
- From the new intro:
- Winklevoss Twins Say They Each Gave $1 Million to Trump Presidential Campaign
- Why Coinbase CEO Sees Trump's Win as the 'Dawn of a New Crypto Era'
- Bitcoin price chart
- Nic Carter on X: The 2024 Election as a Spiritual War
- Why You Should (Still) Care About Silvergate
- Rep. French Hill (R–Ark.) Says He'd Investigate Operation Choke Point 2.0 as Financial Services Chair
- "Mr. Carter goes to Washington"
- How Stablecoins Are Extending the U.S. Dollar Dominance
- Annual Volume of Stablecoins vs. Other Financial Services
- Polymarket Founder Alleges Political Retribution
- Archive of Polymarket from November 5
- Carter's "Wish List" for Trump's Second Term
Chapters:
- 00:00:00 Coming up…
- 00:00:35 New context regarding Operation Chokepoint 2.0
- 00:06:10 Did bitcoin win the 2024 election?
- 00:08:07 Nic is optimistic about Trump 2.0
- 00:10:26 Why has the GOP embraced crypto?
- 00:14:19 OCP 2.0 and Silvergate
- 00:18:44 How do you make normal people care about this?
- 00:21:45 The role of the FDIC
- 00:23:36 What will Trump do about all of this?
- 00:28:10 Central bank digital currencies, and why they matter
- 00:30:15 What can Nic tell us about his trip to congress?
- 00:31:08 What are stablecoins and why are they important?
- 00:37:29 The persecution of Polymarket
- 00:44:32 The election and spiritual warfare
- 00:57:30 Nic's wish list for Trump 2.0
- 01:07:58 Nic's No. 1 question: Where did COVID come from?
- Producer: John Osterhoudt
