For more than a year, we have been talking about how cryptocurrencies will gain a greater place on the politicians’ agenda as November approaches. Kamala Harris Even though Donald Trump made a few small statements crypto coins placed it right at the center of the election agenda. It was a good thing because Harris had to make moderate statements against crypto.
Election and Cryptocurrencies
Prediction markets place Kamala Harris’ odds of winning the 2024 election against Donald Trump at 4 percentage points higher. Just a few days ago, Donald Trump had a 30-point lead over Harris, according to Kalshi. This development occurred as Kamala Harris took the lead in 3 important states: Wisconsin, Pennsylvania and Michigan.
2 weeks ago Trump was ahead in all states. When we look at the polls, there is no huge vote difference between Trump and Harris, it seems 48% to 47%. If Coinbase, Ripple $0.503181 It will be an interesting election if there are millions of cryptocurrency investors and voters who vote for Trump with the motivation of innovation and making money, as companies such as stated in their reports.
It may even be possible for the elections to be taken to court. The previous Trump victory led to the indictment of Cambridge Analytica. Maybe in these elections cryptocurrencies We see that allegations of countries such as Russia and North Korea interfering with the USA are brought to the agenda?
Bitcoin Expert Comments
Altcoin Sherpa said that uncertainty prevails in his assessment today. While BTC, which fell to $ 68,720, thought it would make higher bottoms, it may now return to $ 55,000. Moreover, this situation will be devastating for investors who have lost their patience since March.
“BTC For me it’s a bit too uncertain at this current level, I’ve reduced all leveraged longs. Still giga long on spot but for now I will remain patient for active positions. “I’m still bullish in the medium term, but I expect a lot of volatility until the election is over.”
Kyle is short term Bitcoin $68,287 He wrote that investors made $2.3 billion in sales on Thursday.
“This massive sell-off, the largest since August, underlines their rapid response to market unrest.
In total, more than 54,000 BTC changed hands, reaching a record high since March.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.