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.

Stocks have developed a habit of selling off into the weekend before rebounding this year.

One big explanation might be that traders don’t want to be leveraged going into two days where the market’s closed in New York – but stay open online.

Any random Trump tweet can and has moved the market!

Ostensibly, if the weekend is quiet, stocks can recoup their Thursday/Friday declines.

What we’ve seen since 2008 is nothing short of a theft of the commons. Except it happened in little pieces that seemed unrelated at the time. But if we look at the story holistically, it all comes together.

When we step back and view the entire picture, what emerges is not just a story of market excesses and economic shifts. What we see is the gutting of middle America – be it intentional or otherwise.

Now the question is – are we going to see the restoration of the American middle class in the coming years… or are we going to watch everything devolve into a modern redux of the War Between the States, more commonly but mistakenly known as the American Civil War?

Today’s Washington isn’t governed so much as stage-managed.

Politicians don’t solve problems; they perform them.

The current fixation is affordability — a word that will be repeated ad nauseam from now through the 2026 midterms, until it becomes as meaningless as “bipartisan.”

The script hasn’t changed in decades: promise relief, pass a law that raises costs, blame capitalism, hold hearings, fundraise, repeat.

Yes, Nvidia’s profits are up 500%, and its share price followed suit — a rare case where the story actually matches the math. But that’s the exception, not the rule.

Beneath the headlines, we’re starting to see the kind of financial gymnastics — circular lending, balance-sheet origami, and creative “partnerships” — that usually signal the boom is running out of breath.

If history rhymes, it looks like we’re closing in on the tail end of a mania.

Stocks have developed a habit of selling off into the weekend before rebounding this year.

One big explanation might be that traders don’t want to be leveraged going into two days where the market’s closed in New York – but stay open online.

Any random Trump tweet can and has moved the market!

Ostensibly, if the weekend is quiet, stocks can recoup their Thursday/Friday declines.

Today’s Washington isn’t governed so much as stage-managed.

Politicians don’t solve problems; they perform them.

The current fixation is affordability — a word that will be repeated ad nauseam from now through the 2026 midterms, until it becomes as meaningless as “bipartisan.”

The script hasn’t changed in decades: promise relief, pass a law that raises costs, blame capitalism, hold hearings, fundraise, repeat.

Yes, Nvidia’s profits are up 500%, and its share price followed suit — a rare case where the story actually matches the math. But that’s the exception, not the rule.

If history rhymes, it looks like we’re closing in on the tail end of a mania.