Midterm elections
Tracked since Tue 3 Nov
This week’s briefing
Blockchain Basement and 1000x discussed Democratic gains, with speakers weighing whether opposition to data centers could delay projects.
Tom Bilyeu said economic strain and rejection of Trump drove the Democratic victory, while markets rebounded as investors anticipated gridlock.
Andy Constan said gridlock makes major fiscal expansion unlikely and expects growth forecasts to weaken over the next three to six months.
CoinDesk Daily reported that Democrats were projected to control both chambers despite crypto super PACs spending $63 million unsuccessfully to unseat Sherrod Brown.
Odd Lots guest Nate Silver said conditions favored Democrats and his model put their Senate chances in the high 70s, while cautioning that polling errors could change outcomes.
Tech Path Crypto Investing guest Ron Hammond expected a post-election drop in crypto sentiment and prices, with longer-term effects depending on Democrats’ approach to regulation.
Blockchain Basement discussed election-related trading risk as Polymarket showed a 75% chance of a Democratic sweep.