Magnet Capital CIO: 'DeFi tokens likely to rally if Trump wins'

IconCryptoNewsTerminal Staff21 Jul, 2024

cryptonews.jpg

Magnet Capital CIO: 'DeFi tokens likely to rally if Trump wins'

Magnet Capital has quite an interesting take on how the crypto market, particularly Decentralized Finance (DeFi) tokens, would perform should former President Donald Trump win the presidency again. Digital asset manager Magnet Capital’s CIO Benjamin Celermajer told Bloomberg that “There’s actually a greater chance now (of former President Donald Trump winning) post the (Democratic presidential nominee Joe) Biden train wreck, and we would expect the crypto market to perform a lot better under a Trump administration, particularly those DeFi theme tokens such as Maker (MKR), Aave (AAVE), and Lido (LDO).”