HANetf co-CEO Hector McNeil talked with Proactive's Stephen Gunnion after bitcoin topped $100,000 as the so-called 'Trump trade' sparked more buying of the cryptocurrency. McNeil predicted its price to reach $150,000 by mid-2024 due to increased participation from institutional and retail investors.
McNeil discussed other potential catalysts from Donald Trump’s presidency, including impacts on the defence, oil, and gas sectors. He highlighted the uranium sector, emphasising its constrained supply and rising demand, suggesting HANetf’s Sprott Uranium Miners ETF and the Sprott Junior Uranium Miners UCITS (LSE:URJP) as valuable options.
McNeil also mentioned opportunities in rebuilding Ukraine’s defence infrastructure, likening it to “Israel on steroids.” He detailed how HANetf’s products like the Alerian Midstream Energy Dividend UCITS ETF (LSE:MMLP) (Alerian Midstream Energy Dividend UCITS ETF (LSE:MMLP)) and Future of Defence UCITS ETF (LSE:NATO) (Future of Defence UCITS ETF (LSE:NATO)) stand to benefit from these developments.