According to @balajis, the alignment shifted from blue and tech against red in 2020 to red and tech against blue in 2024, with a 2028 scenario of blue and red against tech, indicating his view of rising political headwinds for tech and crypto-exposed assets; source: @balajis on X, Nov 30, 2025. According to @balajis, traders should infer higher regulatory risk premium and episodic volatility for U.S.-centric tech, crypto equities, and tokens as election-cycle headlines intensify, particularly if bipartisan tech scrutiny builds; source: @balajis on X, Nov 30, 2025. According to @balajis, a trading response to this scenario includes diversifying toward non-U.S. venues and jurisdictions, favoring compliance-ready projects, and hedging policy-event dates with options or stablecoins to manage gap risk; source: @balajis on X, Nov 30, 2025.