Buy Bitcoin Before, During, and After Election Day

Andrew Packer, Grey Swan Investment Fraternity

We’re just one Scaramucci away from Election Day 2024.

As a refresher, a Scaramucci is 11 days. Longer than a week, shorter than a fortnight.

It’s a term that jokingly came up during President Trump’s (first?) term. SkyBridge Capital founder Anthony Scaramucci joined the White House staff, but only lasted for 11 days. Amazingly, he only tied the record for shortest tenure on staff.

While Scaramucci was a poor fit for the Trump team, his investment record is far better.

A huge part of that success has come from investing in bitcoin early.

Today, Scaramucci reports that 55% of his wealth is in bitcoin. Don’t worry; you don’t need to go that far to see great returns. Simply look at making a small move today.

Scaramucci noted that if, in 2010, you had allocated just 1% of your wealth to bitcoin and kept the other 99% in cash, you would have outperformed every other asset class. Or every top stock of the past 15 years.

A report from Bitwise noted that between 2014 and 2020, a 60-40 portfolio split between stocks and bonds would have returned 26%. If investors reduced each of those positions by half a percentage and put just 1% into bitcoin, the return would have jumped to 34%, 31% higher.

From just 1%!

A 5% allocation over the same period would have resulted in 65% returns, a full 150% better.

That’s the power of asset allocation. You don’t need much in volatile assets like bitcoin. But if you don’t have any exposure, you’re missing out on a tremendous opportunity.

Why Bitcoin Will Continue to Beat Fiat

Remember, bitcoin is a piece of code. It doesn’t have a monetary policy. Or a marketing team. A few people volunteer to work on projects related to it.

But it’s largely a self-sustaining project, driven by people who want to run the bitcoin code on their own, creating a node in the network in the process.

Bitcoin uses a proof-of-work model. One way of looking at that is that it takes real-world computational power and electricity to run.

That helps derive bitcoin’s value. It also helps electric utilities manage their baseload power needs, and allows energy companies to use what would have been “stranded” energy.

Comparatively, what’s the U.S. dollar? Or the future BRICS bucks? Those are fiat currencies. They can be created at a whim. In the digital age, there’s zero cost to creating them. At least printing physical money required ink and paper.

Their purchasing power is subject to change based on political needs, not economic ones. That’s why fiat currencies have a long-term downward trend. And why their purchasing power will continue to decline.

And those who run those fiat currencies like to change the rules all the time. Just ask Russia, who’s been pushing for a BRICS Buck in part because it was kicked out of the SWIFT payments system.

When you save in fiat currency, you’re losing money to inflation. Sometimes quickly, sometimes not. When you save in bitcoin, you have wild price swings. But over time, the swings higher more than make up for the short-term volatility.

Bitcoin is a lesson in transferring wealth from the impatient to the patient.

Your Key Move Before Election Day

There’s no excuse not to own any bitcoin. There are 11 ETFs that buy it for you, so you can hold it in a retirement account.

You can also go to Coinbase to get started.

You can also set up an account using a bitcoin-only exchange. I use Swan Bitcoin. I have also met some of the team at River, another highly-regarded bitcoin-only exchange. Both allow you to set up recurring buys and self-custody if you so choose.

But if you still own none, your allocation is zero.

You need to get off of zero. 1-5% is a good start.

Even if it’s just 1%, the returns could be huge. Future price estimates for bitcoin within the next 10 years range from around $500,000 to $1,000,000.

While the percentage returns are lower than in bitcoin’s early years, the ease of investing today means you can still benefit. And from current prices, a 10X or 20X return on an asset will still beat whatever future inflation comes down the pike.

The upcoming election offers investors little choice in terms of monetary policy. Both Kamala Harris and Donald Trump are big spenders. It’s only a question of where that spending is going.

We stand a very real chance of seeing a repeat of the 1970s’ “double dip” inflation.

And as with the 1970s, the second wave higher could be far worse than the first. If that happens, owning gold and other tangible commodities, should protect your wealth. But bitcoin could grow that wealth in real terms.

Since fiat currencies can be printed to infinity, investors need to own real assets as an escape valve. Bitcoin is one of them. It doesn’t need to be a huge part of your portfolio. But those who have been investing in it for a while, from Anthony Scaramucci to Michael Saylor over at MicroStrategy (MSTR) continue to up their stake.

For now, just to get ahead of any uncertainty in 2025 that could see massive money printing or resurgent inflation, grab some bitcoin. And keep dollar-cost averaging to build your stack. ~~ Andrew Packer, Grey Swan Investment Fraternity

Buy Bitcoin Before, During, and After Election Day

Andrew Packer, Grey Swan Investment Fraternity

We’re just one Scaramucci away from Election Day 2024.

As a refresher, a Scaramucci is 11 days. Longer than a week, shorter than a fortnight.

While Scaramucci was a poor fit for the Trump team, his investment record is far better.

A huge part of that success has come from investing in bitcoin early.

Today, Scaramucci reports that 55% of his wealth is in bitcoin. Don’t worry; you don’t need to go that far to see great returns. Simply look at making a small move today.

From just 1%!

A 5% allocation over the same period would have resulted in 65% returns, a full 150% better.

That’s the power of asset allocation. You don’t need much in volatile assets like bitcoin. But if you don’t have any exposure, you’re missing out on a tremendous opportunity.

Why Bitcoin Will Continue to Beat Fiat

Remember, bitcoin is a piece of code. It doesn’t have a monetary policy. Or a marketing team. A few people volunteer to work on projects related to it.

But it’s largely a self-sustaining project, driven by people who want to run the bitcoin code on their own, creating a node in the network in the process.

Bitcoin uses a proof-of-work model. One way of looking at that is that it takes real-world computational power and electricity to run.

That helps derive bitcoin’s value. It also helps electric utilities manage their baseload power needs, and allows energy companies to use what would have been “stranded” energy.

And those who run those fiat currencies like to change the rules all the time. Just ask Russia, who’s been pushing for a BRICS Buck in part because it was kicked out of the SWIFT payments system.

Bitcoin is a lesson in transferring wealth from the impatient to the patient.

Your Key Move Before Election Day

There’s no excuse not to own any bitcoin. There are 11 ETFs that buy it for you, so you can hold it in a retirement account.

You can also go to Coinbase to get started.

But if you still own none, your allocation is zero.

You need to get off of zero. 1-5% is a good start.

Even if it’s just 1%, the returns could be huge. Future price estimates for bitcoin within the next 10 years range from around $500,000 to $1,000,000.

The upcoming election offers investors little choice in terms of monetary policy. Both Kamala Harris and Donald Trump are big spenders. It’s only a question of where that spending is going.

We stand a very real chance of seeing a repeat of the 1970s’ “double dip” inflation.

For 30 years, Japan was the land where interest rates went to die.

The Bank of Japan used yield-curve control to keep long-term rates sedated. Traders joked that shorting Japanese bonds was the “widow-maker trade.”

Not anymore.

On November 20, 2025, everything changed. Quietly, but decisively.

The Bank of Japan finally pulled the plug on decades of easy money. Negative rates were removed. Yield-curve control was abandoned. The policy rate was lifted to a 17-year high.

Suddenly, global markets had to reprice something they had ignored for years.

What happens when the world’s largest creditor nation stops exporting cheap capital and starts pulling it back home?

The answer came fast. Bond yields in Europe and the United States began climbing. The Japanese yen strengthened sharply. Wall Street faltered.

The rate cut narrative is calcifying into gospel: the Fed must cut to save the consumer.

Bankrate reports that 59% of Americans cannot cover a $1,000 emergency without debt or selling something. And yet stocks are roaring, liquidity junkies are celebrating, and the top 10% now account for half of all consumer spending.

Here’s the plot twist: before 2020, consumer confidence faithfully tracked equity markets. After 2020, that relationship broke. As one analyst put it, “The poor don’t hate stocks going up. They just don’t feel it anymore.”

So when the Fed cuts rates in one of the hottest stock markets in history, who exactly benefits? Not the 59%. Not the middle. Certainly not anyone renting and watching shelter inflation devour their paycheck.

Only the late-stage dot-com fever dreams did better in recent memory — back when analysts were valuing companies by the number of mammals breathing inside the office.

For the moment, stocks appear unsinkable, unslappable, and perhaps uninsurable. But this is what generational technology shifts do: they take a kernel of genuine innovation and inflate a decade of growth into a 36-month highlight reel. We’ve seen this movie. It premiered in 1999 and closed with adults crying into their PalmPilots.

And just as the internet continued reshaping the world long after Pets.com curled up and died, AI will keep marching on whether or not today’s multiples survive a stiff breeze. The technology is real. The valuations, however, will eventually need to stop hyperventilating and sit down with a glass of water.

Wheelbarrows are not chickens. A chicken is a biological production unit. A wheelbarrow is a capital good. A wheelbarrow doesn’t produce work. But it CAN be a productivity multiplier.

And that’s how we have to think of all those GPUs the hyperscalers are spending money on. If their thesis is right, trillion in AI and data center spending now, will translate into a massive burst in productivity and new technologies in the next two decades. That is the only justification for the current valuations/multiples at which these stocks trade now.

The American poet William Carlos Williams wrote, “So much depends, upon a red wheelbarrow, glazed with rainwater, beside the white chickens.”

Today the wheelbarrow is Nvidia Green. And so much of the stock market depends on that wheelbarrow being a big enough productivity multiplier to offset $340 trillion in debt.