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Author Topic: If Kamala Harris were to unexpectedly win?  (Read 167 times)
Stepstowealth
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July 26, 2024, 08:27:14 PM
 #21

what impact might it have on the cryptocurrency market?
The crypto market may only be affected if Trump wins, not by Kamala's victory. Bitcoin is already not having many supports among politicians in the United States but still it is striving properly and still getting new people to invest in it. If Trump wins we can witness more people invest in it because he may try to make it attractive but if Kamala Harris wins then maybe nothing will just happen at all and we'll just keep waiting for the next big event to send the price of Bitcoin higher.

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Abiky
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July 27, 2024, 01:28:09 AM
 #22

what impact might it have on the cryptocurrency market?

If Harris wins, crypto will be doomed. After all, it's the Democrats who imposed heavy regulations on the crypto/Blockchain industry. The Biden Administration has been characterized as an anti-crypto one (despite the forced ETF spot approvals by the SEC). It's likely a Harris win will trigger a bear market on crypto. The opposite would happen if Trump wins.

It's said that Harris won't attend this year's Bitcoin conference. Actions speak more than words. We can't predict the future, so lets hope for the best. Cheesy

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legiteum
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July 27, 2024, 02:22:21 AM
 #23


If Harris wins, crypto will be doomed. After all, it's the Democrats who imposed heavy regulations on the crypto/Blockchain industry. The Biden Administration has been characterized as an anti-crypto one (despite the forced ETF spot approvals by the SEC). It's likely a Harris win will trigger a bear market on crypto. The opposite would happen if Trump wins.


There's simply no evidence that Harris is "anti-Bitcoin", and Bitcoin went up 500% under president Biden.

I suspect you and others are simply saying this because you support Trump / support making abortion illegal in the USA.

As for Bitcoin itself, there's no reason to pick Trump over Harris.


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July 27, 2024, 02:57:25 AM
 #24

If Kamala is indeed anti-Bitcoin and she won the presidency, there will be certain disadvantages. There surely won't be Bitcoin-friendly regulations. Concerned agencies might be ordered to tighten rules against Bitcoin.

But all this doesn't dictate the path that Bitcoin would eventually take. For one, Bitcoin isn't based in the US. Neither is Bitcoin under US' control. Life goes on for Bitcoin, business as usual, even if the president is anti-Bitcoin.

We only have to remember that Bitcoin succeeded in its infancy even if everybody was against it. Bitcoin reached wider adoption, made one ATH after another despite scathing remarks from previous US presidents. Trump was anti-Bitcoin when he was president. Biden is also against Bitcoin. But look where Bitcoin is now.

Also, don't forget that the most powerful people in the United States aren't the politicians. It's the wealthy elites that made the political careers of the politicians possible. Spot Bitcoin ETFs were ushered to the US market despite an administration that's anti-Bitcoin.

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