How This Crypto Hedge Fund Nailed the Trump Trade
Donald Trump won the U.S. election, surprising many but not Quinn Thompson, founder of Lekker Capital. Thompson had been bullish on Trump and strategically invested in solana (SOL) and AI-related bitcoin miners before the election. Following the results, SOL surged 13%, while bitcoin reached an all-time high of $75,600, marking Lekker's most successful trade since its inception. Thompson noted that political stances are divisive, making macro-driven hedge fund strategies appealing. He views Trump's victory as a mandate for a socially liberal yet fiscally conservative government, likely benefiting the crypto sector. Thompson highlighted the shift from government opposition to potential adoption of crypto under Trump. He attributed Trump's win to voter priorities on the economy and immigration, predicting Democratic turnout issues due to a lack of enthusiasm for Kamala Harris. Despite some trading missteps, Thompson remains optimistic about the market's future under the new administration.
