Donald Trump won the 2024 presidential election by a landslide, a result that surprised many but not Quinn Thompson, founder of crypto hedge fund Lekker Capital. Since mid-March, Thompson had a strong conviction in Trump's candidacy, despite conflicting polls, and strategically positioned his fund for the election. He invested in solana and AI-related bitcoin miners, leading to significant gains following the election results, as these assets surged in value. Thompson expressed that the success of this trade marks a pivotal moment for the crypto industry, which had faced substantial government opposition in previous years. With Republicans now controlling both the presidency and Congress, there is a potential for favorable regulatory changes for cryptocurrency. This outcome is viewed positively by Thompson and signals a shift towards the necessary embrace of crypto at the government level, moving away from past restrictions. The hedge fund’s focus on macro-driven strategies, which often require contrarian viewpoints, has proven fruitful in this instance, affirming Thompson’s investment approach in a complex political environment.

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