You might not have to wait until the presidential election wraps up for a big crypto rally fueled by Donald Trump, according to Hartmann Capital founder and crypto content creator Felix Hartmann.
“The moment the odds of Trump winning the election become overwhelming, which can happen at different times … I would expect the crypto market to rip,” Hartmann tells Hall of Flame.
“It will be the moment we realize that we are not going to get sued to death, there might be some path to this industry becoming self-sustaining, and becoming more just hype and narratives.”
But he sees a very grim outlook for the crypto industry if Kamala Harris ends up taking the top spot.
“If Kamala wins I think we could be in for the longest winter we’ve ever seen, because it is four years. There will be less venture capital into new projects, market makers have already been quitting,” he claims.
Hartmann, now 29, started his own hedge fund Hartmann Capital in 2018 at the age of 23 after a multi-billionaire promised him millions to trade crypto.
But in the end, the deal never went through.
While consulting for an investment bank, he had dinner with the billionaire founder, who saw him as a “young prodigy” for introducing crypto to the firm and developing tokenization strategies.
“Why don’t we give this guy $10 million to start trading for us,” Hartmann recalls him saying.
Hartmann launches hedge fund as Bitcoin plummets hard
Hartmann went home, Googled how to start a hedge fund, and spent $25,000 on legal fees to get everything set up.
By the time everything was sorted out, it took several months, and Bitcoin’s price had plummeted by 50% from about $20,000 to just under $10,000 by mid-2018.
The drop was enough to scare off the billionaire and his team.
Hartmann, against the advice of his friends and family, pursued the venture anyway, despite Bitcoin going down to around…
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