Vivek has barely mentioned crypto in this gubernatorial campaign, which feels pretty realistic—voters in state elections simply don’t care about it. His team must have run the numbers.
What’s interesting is that during the presidential primaries, he made Bitcoin and crypto policy one of his core selling points. Now, facing real voters in Ohio, he’s shelved that whole pitch. What does that tell us? The crypto narrative is a vote-getting tool at the federal level, but at the state level, it’s a liability. Ordinary people care more about jobs, energy bills, and inflation.
This is actually a signal. The importance of being crypto-friendly is overrated; actual capital flows still depend on macro conditions. Look at $XAU , now near 4162, up 0.44% over the past 24 hours—demand for safe havens hasn’t faded. Meanwhile, $CL is at 90.66, down slightly by 0.6%, as expectations for energy supply ease.
My take is simple: whether politicians talk about crypto doesn’t matter. Hard assets like $XAU and $CL are the real voting machines. Campaign rhetoric changes; inflation and geopolitics won’t play along.
#Gold
What’s interesting is that during the presidential primaries, he made Bitcoin and crypto policy one of his core selling points. Now, facing real voters in Ohio, he’s shelved that whole pitch. What does that tell us? The crypto narrative is a vote-getting tool at the federal level, but at the state level, it’s a liability. Ordinary people care more about jobs, energy bills, and inflation.
This is actually a signal. The importance of being crypto-friendly is overrated; actual capital flows still depend on macro conditions. Look at $XAU , now near 4162, up 0.44% over the past 24 hours—demand for safe havens hasn’t faded. Meanwhile, $CL is at 90.66, down slightly by 0.6%, as expectations for energy supply ease.
My take is simple: whether politicians talk about crypto doesn’t matter. Hard assets like $XAU and $CL are the real voting machines. Campaign rhetoric changes; inflation and geopolitics won’t play along.
#Gold