# Money Moves & Election Jitters: Musk, Bitcoin, and Big Bets

**Published by:** [Being Invested](https://beinginvested.com/)
**Published on:** 2024-11-05
**URL:** https://beinginvested.com/money-moves-and-election-jitters-musk%2C-bitcoin%2C-and-big-bets

## Content

Happy November 5th! With U.S. election season heating up, it’s not just the candidates creating buzz. Elon Musk is sounding the alarm on America’s debt, warning that interest payments have now topped the defense budget. Meanwhile, Bitcoin is back in the spotlight, with election seasons historically sparking big moves for BTC—and Microsoft facing shareholder pressure to take crypto seriously. Beyond the macro landscape, the funding world is on fire: NVIDIA’s in talks to support Musk’s xAI venture, while ARK Invest dives deeper into Coinbase shares. And from high-stakes bets on Trump to Uniswap’s latest grant, there’s no shortage of action.🔎💸 October 2024 Major Crypto Incidents 😱🤑 Fear & Greed Index Top 5 Crypto Currencies🔮🇺🇸 Bitwise took a risk to make a forecast for some tokens depending on the outcome of the US elections$BTC Based on the data from CoinGecko latest study, the Fed's hiking cycle suppressed Bitcoin prices more than CPI figures. As CPI figures go down, the Bitcoin price tends to go up. sourceMacro ~ Bitcoin Insights ~ US Elections - Elon Musk Warns: U.S. Debt Payments Now Exceed Defense Budget - US Election Season = Bitcoin Season? Being Invested @0xbeinginvested US Election Season = Bitcoin Season? History shows $BTC loves the election hype, with past cycles bringing huge swings: •2016: +60% •2020: +183% •2024: +25% (and counting…) Who needs a candidate when you’ve got Bitcoin? #bitcoin #USAElections2024 0 4:50 AM • 6 Nov 2024 - Microsoft Faces Potential Lawsuit if It Ignores BTC, Warns NCPPR - Crypto Markets and US Elections: Why the Full Picture Takes Time - Kalshi takes first place in the financial category of the Apple App Store. - Polymarket User Bets $18M on Trump Win, Potential Payout $29.47MFunding & Investments - NVIDIA in Talks to Back Elon Musk’s AI Startup xAI - ARK Invest bought $4.6 million worth of Coinbase shares yesterday. - Naptha AI Secures $6M in Pre-Seed Funding Led by CyberFundProject News/Updates - Uniswap Foundation Grants $1.2M to Atrium Academy for Hook Incubator Expansion - Coinbase wins lawsuit against FDIC. - VanEck launched PYTH ETN. - Scaramucci: I’d help Trump or Harris on crypto. And Bitcoin will hit $170,000 either way.It’s a big month for markets and politics, and the stakes keep climbing as we head into 2024. Whether it’s crypto markets reacting to election volatility or Musk doubling down on AI, keep an eye out for opportunities amidst the turbulence. Catch tomorrow’s edition for more insights into the moves that matter. 🪡 Join for daily curated alpha: t.me/beinginvested

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