# ETH's Trump Trade Upside

*Author: Bankless*
*Published: Nov 7, 2024*
*Source: https://www.bankless.com/eths-trump-trade-upside*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-651-1-2.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=microstrategys-infinite-money-machine-2&email=true)

  
ETH's Trump Trade Upside
    
  

  
  Published on Nov 7, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Coinbase's Skyrocketing Stock
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14---2024-11-07T170734.031.png)](https://www.bankless.com/dashboard)- 📈** Coinbase Stock Sees Revenge Rally After Trump Win. **COIN stock keeps [pumping](https://www.bankless.com/coinbase-stock-taking-off) after Trump's White House win.
- **💰 BlackRock's Spot Bitcoin ETF Sets Record-Breaking Volume.** BlackRock’s IBIT [saw $4 billion in trading volume](https://www.bankless.com/blackrocks-spot-bitcoin-etf-sets-record-breaking-volume) after Election Day.
- ✂️ **Fed Cuts Rate By 25 Basis Points As Expected**. The decision [fell firmly in line](https://www.bankless.com/fed-rate-cut-q4) with Wall Street's expectations.

.  .  .

 
  
    

    MARKET VIBES

  
  
  Untapped Potential
  
   
     
 
     
    
 

**📸 Daily Market Snapshot: **Bitcoin has been grabbing headlines in recent days, but ETH has been racking up the more substantial gains as the asset has climbed nearly 15% this week compared to BTC's 8%. ETH remains 42% below the $4,891 all-time high it set three years ago. 

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.55T
       

  
    
    ↗ 1.0%
    
  

   
    
    ↗ 9.9%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $75,893
       

  
    
    ↗ 0.1%
    
  

   
    
    ↗ 7.7%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,882
       

  
    
    ↗ 5.6%
    
  

   
    
    ↗ 14.4%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/8000.png)
    

  **LDO**
   
          $1.28
       

  
    
    ↘ 5.1%
    
  

   
    
    ↗ 23.3%

    
  

  

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💧**New Token Rating: **Ethereum DeFi tokens have been heavily bid since the election of Donald Trump. Why might **LDO** be a continued beneficiary of this trend?[Unlock LDO on Token Hub](https://www.bankless.com/tools/token-hub/lido)

.  .  .

 
  
    

OPINION

  
  

    MicroStrategy's Infinite Money Machine?
  
  
   
     
     Bankless Author: 
     
       [
       
        Jack Inabinet](https://www.bankless.com/author/jack)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-07T174403.931.png)](https://www.bankless.com/microstrategys-infinite-money-machine-2)Michael Saylor’s MicroStrategy (MSTR) began buying BTC in 2020 and never looked back, transforming the get-along software company into a top-performing stock over the past two bull cycles in the process.

Despite reporting substantial losses every quarter in 2024, MSTR is still handily outperforming BTC, up an additional 200% on the year-to-date basis!

At MicroStrategy’s most recent earnings conference on October 30, firm executives unveiled their “21/21 Plan,” a strategic initiative to raise $42B in capital from a 50/50 mix of share sales and debt issuance in what is slated to become the [largest secondary share offering](https://x.com/quantian1/status/1852060794810179651) in U.S. stock market history.

*Today, we’re unpacking Michael Saylor’s infinite money machine and exploring how MicroStrategy intends to become a trillion-dollar company 💸*👇

[Read More on Bankless.com](https://www.bankless.com/microstrategys-infinite-money-machine-2)
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