Crypto hedge fund Lekker Capital's founder, Quinn Thompson, made a successful bet on Donald Trump winning the 2024 presidential election by a landslide. Thompson positioned his fund accordingly, buying solana and bitcoin miners involved with artificial intelligence. The trade has been Lekker's most successful since its launch, with solana surging 13% and AI-related bitcoin miners up roughly 10%. Thompson believes that Trump's victory and the Republican control of the Senate and House will benefit the crypto sector. He predicts a socially liberal but fiscally conservative government that will embrace cryptocurrency. Thompson's reasons for betting on Trump included voter preferences and predicted Democrat turnout issues. While there were some mistakes in the trade, Thompson remains bullish on the positive impact of Trump's win on the crypto industry.
- Content Editor ( coindesk.com )
- 2024-11-06
How This Crypto Hedge Fund Nailed the Trump Trade