If Kamala Harris wins, Bitcoin will be fine.

[kawetsriyanto]

Who says bitcoin won't be fine if Kamala Harris won? Just because Kamala is not highly verbal about bitcoin and the crypto space does not mean that she isn't supporting bitcoin in silent. We still don't know her future plans for bitcoin if ever she won, and even if she won't prioritize bitcoin same like Biden, that won't change the fact that bitcoin is already good for majority of its users and investors.

It is only people's speculation, there are also some media trying to compare between Trump and Harris perception on crypto. However, there is no valid information about it, most of them are juts like rumors. It is quite doubtful that Kamala Harris won't support crypto industry since it is very helpful for US citizen. There are many people in US involved in crypto, it will be a big disadvantage for Harris if he put himself on the opposite of crypto enthusiasts. US citizen who are involved in crypto, probably won't vote Harris.

Some media even told that Harris is getting friendlier with crypto industry. They believe Harris to make crypto future better in US. Well, it is just like a political war among media. They published any news that can support the party which paid the media. Honestly, it is difficult to trust the media recently, most of them aren't quite objective to inform anything.

Please take a look this news:
1. Kamala Harris Signals Interest in Friendlier Stance on Crypto: Bloomberg
2. BankThink Kamala Harris has an opportunity to make crypto better for consumers

[CoinFoxs]

Some people say on forum saying bitcoin will be dropped to 30k usd if kamala wins and the price of bitcoin will be 90K usd if trump wins the election but in my opinion there will be no huge impact of that election to bitcoin price. As you said bitcoin will be fine irrespective of US election.

[stadus]

Some people say on forum saying bitcoin will be dropped to 30k usd if kamala wins and the price of bitcoin will be 90K usd if trump wins the election but in my opinion there will be no huge impact of that election to bitcoin price. As you said bitcoin will be fine irrespective of US election.

I do agree on you. Bitcoin will drop nor pump its price due to its high volatility, and not because of the result of US election. Although some analysts have predicted that Trump will create a big pump on bitcoin if ever he'll win the election, maybe just a minor effect and after the hype is gone, Trump won't never a big deal already to bitcoin.

However, if Harris will win, still bitcoin won't be drag to its bottom price. Bitcoin will always be fine, with or without Trump or Harris that are hyping bitcoin.

[d5000]

I'm a bit worried of them repeating lies long enough for them to be imprinted in people's minds, especially if these lies are backed by president.

I partly share this concern, however, I think the "crypto is dubious" belief is unfortunately quite popular already.  Outside of our crypto bubble, of course. And I don't think it's because politicians used anti-crypto slogans in their campaigns. Imo it's mainly a mix of those who are skeptic towards anything new and shiny, the anger about a missed opportunity (not having held Bitcoin since 2011 or so), and bad experiences (see below).

However till now there are no indications that Harris could join this "anti-crypto club".

The way I see it, bitcoin looks better when all these shitcoins scam and implode around it and it keeps going like nothing happened.

I believe Terra/Luna at least did some collateral damage to Bitcoin. First, because they sold so many coins they had held to back their shitcoin, that the 2022 bear market was heavily amplified. But second, because altcoins like Terra were attracting many retail investors who suffered heavy losses after their collapse and got disappointed of the whole crypto sector. And the FTX debacle, responsible for the first crash under an old all time high (~$20000), showed that some oversight and regulation for exchanges (those of that sizes at least) is probably not a bad idea.

Both cases probably caused, in part, the relative reluctance of retail investors to join Bitcoin again in its current bull run. And contributed, too, to the bad image the crypto sector got - together with the ICO scam wave of 2017/18.

If we lived in an utopia I would love these business models to implode alone without any regulation being necessary, people learning their lessons and these business models simply drying out -- Bitcoin not being affected. But Ponzis exist for centuries now and people simply don't learn.

[thecodebear]

Some folks are really obsessed with the US election. I can understand it partly because Trump, as the first candidate ever in US election history (afaik) has taken a very pro-crypto stance.

But that doesn't mean that Bitcoin will not be fine if Kamala Harris wins. Even if she didn't reveal her stance on crypto/Bitcoin (yet) and is likely to continue the Biden approach which is more skeptical to "crypto", above all altcoins.

For those reasons:

1) Even in Biden's "anti-crypto" tenure Bitcoin has done well. Not only did the price rise, but ETFs were approved, even for Ethereum.

2) The US are already a leading Bitcoin/crypto country. They don't need Trump for that. In the mining sector, they are "the" single leading country. There are also several exchanges in the country. At least ~50 million American people hold crypto according to estimations.

3) Altcoins are far more affected by the SEC policy than Bitcoin. The SEC's actions under Gensler were mostly directed to altcoin exchanges, the "staking" business (which is not even really PoS-style staking but often a ponzi-like construction of some exchanges) and DeFi projects which are not really decentralized, like Uniswap.

4) The US are only 4% of the world population. Bitcoin is a global currency. In addition, as shown above, in the US population crypto has already a high adoption (almost 20% of the population having already bought or held crypto). The potential for future price growths lies mainly outside the US where adoption is often still much lower, even in rich countries in Europe for example.

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

Much more importantly, if Harris wins America will be fine. Definitely can't say the same if the criminal wins.

[Yatsan]

Some folks are really obsessed with the US election. I can understand it partly because Trump, as the first candidate ever in US election history (afaik) has taken a very pro-crypto stance.

But that doesn't mean that Bitcoin will not be fine if Kamala Harris wins. Even if she didn't reveal her stance on crypto/Bitcoin (yet) and is likely to continue the Biden approach which is more skeptical to "crypto", above all altcoins.

For those reasons:

1) Even in Biden's "anti-crypto" tenure Bitcoin has done well. Not only did the price rise, but ETFs were approved, even for Ethereum.

2) The US are already a leading Bitcoin/crypto country. They don't need Trump for that. In the mining sector, they are "the" single leading country. There are also several exchanges in the country. At least ~50 million American people hold crypto according to estimations.

3) Altcoins are far more affected by the SEC policy than Bitcoin. The SEC's actions under Gensler were mostly directed to altcoin exchanges, the "staking" business (which is not even really PoS-style staking but often a ponzi-like construction of some exchanges) and DeFi projects which are not really decentralized, like Uniswap.

4) The US are only 4% of the world population. Bitcoin is a global currency. In addition, as shown above, in the US population crypto has already a high adoption (almost 20% of the population having already bought or held crypto). The potential for future price growths lies mainly outside the US where adoption is often still much lower, even in rich countries in Europe for example.

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

This gives an insight into how results in the US election will form Bitcoin and the cryptocurrency market. Although Biden's administration is just a little reluctant towards encryption, so far, so good, the Bitcoin is in the boom. Even during such critical events like giving approval to ETFs of Bitcoin and Ethereum, it proves that the growth and strength of Bitcoin are independent of US politics. US remains the top player in the crypto space, which, with high infrastructure and rates of adoption, proves itself as an at-vanguard. Such momentum alone, however, does not determine Bitcoin's fate. The regulatory probe by the SEC impacts altcoins and DeFi projects more than Bitcoin itself, as Bitcoin is somehow more stable and stable. Apart from this, the international nature of Bitcoin suggests that its value and adoption hinge upon many global issues outside U.S. politics, hence the idea that the price of Bitcoin could plummet in case Kamala Harris wins the presidency. It seems to add up the international appeal of Bitcoin and its ability to improve independently of specific U.S. political events.

Some people say on forum saying bitcoin will be dropped to 30k usd if kamala wins and the price of bitcoin will be 90K usd if trump wins the election but in my opinion there will be no huge impact of that election to bitcoin price. As you said bitcoin will be fine irrespective of US election.

I do agree on you. Bitcoin will drop nor pump its price due to its high volatility, and not because of the result of US election. Although some analysts have predicted that Trump will create a big pump on bitcoin if ever he'll win the election, maybe just a minor effect and after the hype is gone, Trump won't never a big deal already to bitcoin.

However, if Harris will win, still bitcoin won't be drag to its bottom price. Bitcoin will always be fine, with or without Trump or Harris that are hyping bitcoin.

In fact Bitcoin's unmatched flexibility means that its price movements are influenced by many factors that includes political results. Meanwhile Trump's victory may temporarily slow Bitcoin prices and this is due to his strong belief in supporting cryptocurrencies. Yet, the influence is not supposed to be short-term and market sentiment-driven but instead long-term fundamentals-based.

In the event Kamala Harris wins the election, there will be no price drop in Bitcoin as correctly noted by you. The strength and stability of Bitcoin are rooted in the general global adoption. The technological development and market changes rather than through any politician. It is the complex interplay of factors from around the globe which decides the value of Bitcoin and just remains firm and stable, regardless of who leads the world politically. This will result from the influence of one individual : whether that happens to be Donald Trump or Kamala Harris. Of course, is unlikely to have a material impact on the long-run performance of Bitcoin.

[Marvell1]

Some people say on forum saying bitcoin will be dropped to 30k usd if kamala wins and the price of bitcoin will be 90K usd if trump wins the election but in my opinion there will be no huge impact of that election to bitcoin price. As you said bitcoin will be fine irrespective of US election.

I do agree on you. Bitcoin will drop nor pump its price due to its high volatility, and not because of the result of US election. Although some analysts have predicted that Trump will create a big pump on bitcoin if ever he'll win the election, maybe just a minor effect and after the hype is gone, Trump won't never a big deal already to bitcoin.

However, if Harris will win, still bitcoin won't be drag to its bottom price. Bitcoin will always be fine, with or without Trump or Harris that are hyping bitcoin.

Bitcoin's rise or fall largely depends on market demand but that doesn't mean the election results or who becomes president won't affect it. The president can issue bills, regulations or bans...which will more or less impact the market, so the election results will also impact the market.

I also believe that no one can stop bitcoin because it is too late to do so but their policies will have an impact on the growth of bitcoin in the long run. Let's not look back and be complacent in thinking that bitcoin can grow without any regard for governments and what they do. Things are changing, it's getting more attention and policies that target it directly will have a significant impact on it. They don't ignore it like they used to.

[dificanovi]

It is likely that the price of bitcoin will not be affected if Kamala Harris becomes President in the US. Bitcoin has spread throughout the world in every country there must be many people who store Bitcoin or trade cryptocurrencies, so if Kamala Harris wins this election it will not affect the price of Bitcoin or Altcoin. On the other hand, Trump is very supportive of cryptocurrencies so I am sure that if Trump is elected President in America then the price of Bitcoin and Altcoin will experience a very high increase.

[Outhue]

I indeed fear Elizabeth Warren more than Kamala because of doomsday plan for crypto but it isn't good and nice of Kamala for not saying a word about Crypto, I do feel unease about it because I have people in the US that are crypto pros, I don't want Kamala there because of people in the US not because of Bitcoin.

Bitcoin will be fine either ways but what about those that relies heavily on Bitcoin mining in the US? Crypto companies that can't cope are leaving the country, but some miners can't afford to leave the country for another.

I am still wondering what people are expecting of Kamala when she is the present vice president of the United States, she and Joe are in power and they did nothing, so what will she do once she takes over? I think nothing, Trump is right after all, those allegations on Joe's administration are all true.

Anyways, Bitcoin will be fine.

[DooMAD]

1) Even in Biden's "anti-crypto" tenure Bitcoin has done well. Not only did the price rise, but ETFs were approved, even for Ethereum.

2) The US are already a leading Bitcoin/crypto country. They don't need Trump for that. In the mining sector, they are "the" single leading country. There are also several exchanges in the country. At least ~50 million American people hold crypto according to estimations.

3) Altcoins are far more affected by the SEC policy than Bitcoin. The SEC's actions under Gensler were mostly directed to altcoin exchanges, the "staking" business (which is not even really PoS-style staking but often a ponzi-like construction of some exchanges) and DeFi projects which are not really decentralized, like Uniswap.

4) The US are only 4% of the world population. Bitcoin is a global currency. In addition, as shown above, in the US population crypto has already a high adoption (almost 20% of the population having already bought or held crypto). The potential for future price growths lies mainly outside the US where adoption is often still much lower, even in rich countries in Europe for example.

I'd also add:

5) Some things are bigger than Bitcoin.  A power-crazed and senile convicted felon in charge of the nukes does not bode well for global stability.  Trump would greatly destabilise international affairs as he becomes increasingly unhinged and tyrannical.  He exhibits all the signs of becoming a despot, but Trump supporters are completely blind to it.

[kro55]

To be fair: Bitcoin is fine under Biden despite his unfriendly stance towards it. So if Harris is elected, there probably won't be too many challenges and difficulties for bitcoin even if she doesn't want to appear friendly to bitcoin. But if we had a pro-bitcoin president things would be much better.

Which candidate to vote for will be up to each person's choice because each person has different issues, not just bitcoin. So we should stop criticizing each other just because we have different choices and instead respect everyone's decisions.

There is no guarantee that Trump actually supports bitcoin, and there is no guarantee that Harris hates it and would seek to hinder its growth if elected. Because the election is not over yet and we still don't know what they will do after they are elected, everything is still a mystery. So no matter who we vote for, let's hope that if they win, they'll be more open to bitcoin.

[Lucius]

I'd also add:
5) Some things are bigger than Bitcoin.  A power-crazed and senile convicted felon in charge of the nukes does not bode well for global stability.  Trump would greatly destabilise international affairs as he becomes increasingly unhinged and tyrannical.  He exhibits all the signs of becoming a despot, but Trump supporters are completely blind to it.

That in itself says enough about how much people understand what is happening in the world, because if they did, they wouldn't want someone with as many as 37 indictments to become the president - and psychiatrists, not politicians or ordinary people, could talk about the ideas he promotes. I'm not a big fan of KH, but I would always choose the lesser of two evils - regardless of whether the greater evil would be better for BTC (which I honestly doubt).

[shield132]

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

There is a local forum that's very popular in my country and people often discuss things, like on Bitcointalk. Will you believe if I say that the government invests lots of money and creates bots to spread the misinformation? They even pay people to post good about the government. Of course, that's done unofficially but that's a very known fact among users. Don't you think that there won't be a similar situation on Bitcointalk too? Modern politicians understand the power of the virtual world, it's a great place to gain the attention of people with fewer expenses.
I believe that Trump will have bots all over the internet and some of them might be on this forum too. There is a chance for Trump to gain some % of votes by promoting the fact that Bitcoin will rise if Trump becomes the president. In some families, kids might push parents to vote for Trump for this reason, some Bitcoin enthusiasts will vote for him to gain profit on their investments and etc...

I personally believe that Bitcoin will rise with or without Trump and Harris. If they don't ban it and don't set sanctions, then Bitcoin will do everything well on its own.

[Nothingtodo]

Donald Trump's supporters claim that if Donald Trump wins the election, Bitcoin will definitely go higher than ever. Kamala Harris supporters claim that if Kamala Harris wins the polls, Bitcoin will be in a better position than before.

Those of us who basically love Bitcoin basically want the candidate who basically loves Bitcoin to win the vote.

[EarnOnVictor]

Some folks are really obsessed with the US election. I can understand it partly because Trump, as the first candidate ever in US election history (afaik) has taken a very pro-crypto stance.

But that doesn't mean that Bitcoin will not be fine if Kamala Harris wins. Even if she didn't reveal her stance on crypto/Bitcoin (yet) and is likely to continue the Biden approach which is more skeptical to "crypto", above all altcoins.
-snip-

I must say I like your disposition here, you are one of the few who thought outside the bracket and beyond the hype some bigots use which has clouded the thought and judgment of many. First, to me, Biden is not anti-crypto, no US president has been, what his administration does is regulate crypto and I see nothing wrong with that.

Also, Trump is not a messiah of crypto, someone who had condemned crypto in many cases in the past and doesn't even have a sizable amount to prove his true support for it suddenly becomes the advocate for it. Don't you think it's because of the election? He always looks for where and how to sell as a businessman, so he imbibes it now in politics, nothing less. But I don't know why people are not seeing this, more reason the crypto market refuses to react in his honour because the market is not gullible like most people.

However, if Trump becomes the US president today, he will change nothing this administration has done and will rather regulate crypto more, mark my word. I see no difference with when Harris becomes the US president, the exception is that Trump is only lousy and looking for all means to cause division and attract more supporters through the created and existing division at different sectors and works of life.

[m2017]

1) Even in Biden's "anti-crypto" tenure Bitcoin has done well. Not only did the price rise, but ETFs were approved, even for Ethereum.

This is an indicator of how overrated the roles of candidates/presidents are on bitcoin. It seems you all forgot about the decentralization and independence of the BTC-network.

4) The US are only 4% of the world population. Bitcoin is a global currency. In addition, as shown above, in the US population crypto has already a high adoption (almost 20% of the population having already bought or held crypto). The potential for future price growths lies mainly outside the US where adoption is often still much lower, even in rich countries in Europe for example.

The dominance of the US with 4% of the world population owning bitcoinis due to the surplus of capital/money (thank you, endless printing press), allowing these investments to be "poured" into bitcoin. When people have little money, then what kind of purchase of bitcoin can we talk about?

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.

This is pure speculation, rocking the boat of the cryptomarket and the influence of the US\Harris is overestimated. Since when did this start happening? If the world economy depends on the US economy, then now the cryptoeconomy is becoming dependent on the US?

[Slow death]

Donald Trump's supporters claim that if Donald Trump wins the election, Bitcoin will definitely go higher than ever. Kamala Harris supporters claim that if Kamala Harris wins the polls, Bitcoin will be in a better position than before.

Those of us who basically love Bitcoin basically want the candidate who basically loves Bitcoin to win the vote.

It seems to me that if Trump won, the cryptocurrency market would be more relieved or less pressured by the government. While if Kamala Harris wins, the crypto market will be under more pressure from the government. But that doesn't mean we'll see radical changes like a bitcoin ban. In practice, not much will have changed since the time of bitcoin. It would be something like a continuation of Biden's stance on bitcoin. Seeing these latest articles:

Sep 11, 2024

Choke Point 2.0 is hurting Kamala Harris' 'crypto reset'

Sep 12, 2024

Crypto stocks recover from dip as polls say Harris won debate against Trump

Sep 13, 2024

Trump to launch World Liberty Financial crypto platform on Sept. 16


They show that I'm right. I already had this opinion before reading these articles. Now, I don't see Trump's ideas as being good in some points. Like his stance on the war in Ukraine, he's putting himself in a position that seems to support Russia. Honestly, that's not a good stance.

[LogitechMouse]

---
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

Probably those who said that Bitcoin will fall to $30,000 are those anti-Bitcoin or at least the ones who are following Peter Schiff all the way.
Bitcoin will fall to $30,000... only after the bull market. It will only touch that price when we enter the bear market.

Those are completely baseless prediction and Bitcoin will be fine like what the OP said. I mean Biden, who is against cryptocurrency didn't have that much effect towards the price, and adoption of Bitcoin. In fact, we've seen ETF's being approved during his administration. As for Trump or Harris, Bitcoin don't need the two of them as much as the two of them needs Bitcoin in order for them to win in the presidential election. Bitcoin will be just fine no matter who wins in the election. The US might be a superpower, but they have little effect when it comes to Bitcoin and it's price.

Bitcoin will thrive like it always be.

[d5000]

5) Some things are bigger than Bitcoin.

It's even possible if Trump wins that despite a friendly crypto policy, things turn out bearish or harmful for Bitcoin due to bad decisions in other fields of politics.

An example could be international tensions intensifying because of bad decisions in foreign policy, may it be in the Middle East or regarding Putin's invasion of Ukraine. Or in general protectionist measures leading to a commercial conflict, above all with China.

International tensions have often led to significant Bitcoin dips, even in recent times. The reason is actually quite simple: if the world looks unsafe and unpredictable, you won't be so much interested in a risk asset investment. It's even possible that the Ukraine war intensified the 2022 bear market due to this effect.

That's of course only a possibility. It can also turn out that a possible Trump tenure becomes bullish for Bitcoin even if such bad decisions create damage to the US and/or the world's economy. It's not impossible that people will view Bitcoin increasingly as a gold alternative as its success doesn't depend that much on economic activity as stocks and other traditional assets. However, we currently seem to be far away from that outcome, a downturn on major markets still often influences Bitcoin's price negatively like we saw in the August Nikkei-induced dip.

Will you believe if I say that the government invests lots of money and creates bots to spread the misinformation? They even pay people to post good about the government. [...]I believe that Trump will have bots all over the internet and some of them might be on this forum too. There is a chance for Trump to gain some % of votes by promoting the fact that Bitcoin will rise if Trump becomes the president. In some families, kids might push parents to vote for Trump for this reason, some Bitcoin enthusiasts will vote for him to gain profit on their investments and etc...

In my country political bots are also a rampant problem, regardless the political party (there was a government change in 2023), all governments in charge since 2012/13 or so, and also several opposition parties, invested a lot in bots, above all on X/Twitter.

It could of course be the case that such bots could intensify FOMO in the Bitcoin community in the case Trump wins, and thus the price can indeed jump to the upside. However, if no substantial policy changes which benefit Bitcoin adoption occur afterwards, then this jump probably will be short-lived.