If Kamala Harris wins, Bitcoin will be fine.

[DeathAngel]

Bitcoin will continue to work as intended regardless of who wins the election in November. I don’t think there is any doubt though that the market will react more kindly in the short term if Trump wins. It’s public knowledge that he & the Republicans are vocally more positive about Bitcoin that the Democrats with Elizabeth Warren ‘and her goons.’

[FatFork]

You raise a fair point - we shouldn't assume Bitcoin will tank if Kamala wins just because Trump is friendly towards crypto.  Bitcoin has shown itself to be resilient no matter who's in power. 

While the US is an important player in the global crypto landscape, it is still only one piece of the pie and  bitcoin has spread far and wide around the world at this point.  Even if US policies shift, it likely wont spell doom for Bitcoin given its decentralized nature and broadening userbase. 

I suppose the bottom line is that Bitcoin seems capable of rolling with the political punches.  Its value lies in its permissionless and borderless qualities - qualities that no administration can easily undermine through regulation alone.  Bitcoin will likely keep on keeping on, regardless of what happens this November.

[coolcoinz]

The influence is there, Bitcoin being banned in the US would mean backward 10 years, not counting the ripple effects.
But the thing is that is just fearmongering from the orange guy to get votes, unless you vote for me, it's the end of your crypto savings, nothing more.

Even Harris knows the amount of support bitcoin has in the US and the sway Black Rock and other ETF owners have in Congress. The ban is out of the question, but various limitations, especially for miners and private holders (KYC wallets) definitely are. Democrats know they can't simply ban bitcoin but they can make it as inconvenient to hold as possible and that's their goal.

Bitcoin itself will be fine if she wins, but ths simple fact that she wants to promote Gensler, who was instrumental in delaying bitcoin ETFs and threatening various exchanges and altcoin operators like Ripple is something to think about. Why Gensler, who was proven to be incompetent in Congress and grilled for losing in court inf not for the fact that he's well known for fighting cryptocurrencies? Same cryptocurrencies Trump has warmed up towards in the last few months?

[Ever-young]

Sentiment towards bitcoin and the Crypto market is always an interesting object to discuss and of course many associate it with the presidential election later. My opinion, whoever the President will be, BTC will be fine and the price targeted by the analysis will also come as soon as possible. Well, from some of what I read, many are still optimistic that by the end of 2024 it will be $150K and %200K by the end of 2025.

It's not just any and any how elections, the US government election, and who occupies the presidential seat have always left a concern and debate of their influence on bitcoin; this should be because of them being among the countries with the largest economies. 
 
Nevertheless, it's just a matter of us knowing what we stand for and the kind of support we should give to Bitcoin. People just pay so much attention to things that will matter little to Bitcoin. Kamala might not even be a pain in the ass of bitcoin; it could just be a neutral ground.

[Sonia_123]

Donald Trump and Robert F. Kennedy has gotten the attention of crypto supporters since he has promised them a favourable regulations and Bitcoin reserve,also promise to remove SEC Chair Gray Gensler who is always criticize the Crypto Industry whereas Kamala Harris is set on resetting the crypto regulations which may not be good at all for crypto,it's obvious that she will be adopting Biden's stronger stance on crypto regulations.


https://coingape.com/crypto-political-donations-hit-190m-how-will-upcoming-elections-impact-industry/

[Faisal2202]

These "projections" that Bitcoin will fall to 30.000 or so if Harris wins are, in my opinion, completely baseless and overestimating the US influence on Bitcoin.

Discuss & Disagree

I totally agree with you. People are often misled by news outlets, believing that if Harris wins, she won’t do anything positive for the crypto industry. Many think Operation Choke Point was initiated by Biden, and since Harris is part of his administration, they assume she won’t address it. However, Harris might not have the power to act on these issues yet, especially since Biden has withdrawn from the presidential race. Consequently, people might think Kamala will be competing against Trump from Biden’s side.

Personally, I believe Harris could make positive contributions to the crypto field. I also prefer her to win over Trump for various reasons, though I understand this is a personal opinion and not a question you asked. I’m not a U.S. citizen and don’t have a vote, but I find Trump’s statements and actions to be somewhat exaggerated and doubt he will fulfill many of his promises. Apologies if this offends any supporters, it’s merely an observation, not a personal attack. Let’s wait and see how things unfold.

[Darker45]

In the first place, Bitcoin is not a concern. Quite frankly, Bitcoin is a non-issue in this election. There are certain Bitcoin fanatics who seem to put Bitcoin at the center stage. Some crypto-centered media is also making it appear as if Bitcoin is a key issue. It is not. No wonder why Bitcoin or even crypto was never mentioned in the debate.

We're all supporting Bitcoin but lest we end up a non-thinking cult we should always attach ourselves with the reality. The reality is that these politicians don't care about Bitcoin at all. The majority of the voters don't care about Bitcoin at all. There are more important issues out there.

I wish I could agree with you but I think I do not.  Vast majority of the voters do not care about the key issues of their own Country but about small details that are often worthless and useless too.  If they were to vote with the candidate who was looking for solutions to the key issues, they would have had the issues solved already long ago.

I can't speak for the American voters but I think they care enough about immigration issues which are now associated with national security, rising cost of living, inflation, tax cuts, foreign wars and conflicts that the country is involved in, abortion, and so on and so forth.

Despite that, however, I guess most of us don't trust politicians and their false promises. Although we care about the key issues discussed, we're not expecting so much from them. We won't be surprised if the problems persist beyond their terms.

Politicians care about Bitcoin too, they only pretend they do not.  But they obviously do not care about it as in they want to help it out and support it, but the opposite.  And it often shows.  Trump has found this to be a great way to attract many more voters toward him, and you can see how many would vote Trump ONLY for his stance on Bitcoin.  And this shows that a lot of voters mostly care for their own benefits, not for the country as a whole.

I honestly think they don't care about Bitcoin. They've grown rich and powerful with fiat, although they care about reaching out to all communities big and small to earn votes and win.

While I agree that many voters mostly care about themselves, I don't think many would vote for Trump solely because of his Bitcoin stance. That he claims to be a Bitcoin supporter may be a big factor to some but I don't think it's the only factor. In which case, I won't be surprised if there are Bitcoin supporters who don't even vote for him.

[yhiaali3]

I agree, Bitcoin will be fine whether Trump or Kamala Harris wins, it may be better if Trump wins but it will not be worse if Kamala Harris wins. So there is no need for all these fears and exaggerations raised by some pessimists.

When Bitcoin was a weak child it continued to grow and flourish despite the intense hostility and rejection that it had at the beginning, so now that it has become a young man (so to speak) and has gained more momentum, strength and adoption, I do not expect it to be in a bad state at all.

[Reatim]

These "projections" that Bitcoin will fall to 30.000 or so if Harris wins are, in my opinion, completely baseless and overestimating the US influence on Bitcoin.

Exactly. I think Americans are overplaying (as usual) their influence to the world. Yes, it is most likely that the market will be affected and certain regulations and policies implemented in the US regarding crypto may affect a lot of investors but to say that Harris winning will be the downfall of bitcoin is just silly and misleading.

Bitcoin should not have been involved in political wars in the first place and it seems like Trump’s team as well as his supporters are using crypto to motivate (more like scare) people into voting for him. Time and time again, I have mentioned that while Trump may have publicly supported bitcoin and crypto we don’t actually know if he will stay true to his words. Trump is not the only leader in the world. If he wins and does good by crypto then cheers to our American investors and crypto enthusiasts but don’t expect that bitcoin will reach new ath just because he was elected president. It won’t work like that.

Whoever wins, Bitcoin will be fine.