Michael Saylor of MicroStrategy conducted a poll on X to gauge the influence of presidential candidates Donald Trump and Kamala Harris on the cryptocurrency market. With the election approaching, Bitcoin supporters stirred up the debate by asking which candidate was more favored by Bitcoin enthusiasts. The poll attracted over 105,000 votes, with 90.9% supporting Trump and only 9.1% supporting Harris.
Trump's pro-crypto stance is gaining momentum
The results reflect Trump's popularity in the cryptocurrency community. Trump, who has previously taken a cautious stance on cryptocurrency, has recently endorsed a Bitcoin-friendly platform in his campaign, even calling himself the 'crypto president'. Criticizing President Joe Biden and his administration's approach to cryptocurrency regulation, Trump promises to turn the U.S. into a 'Bitcoin superpower'.
Notably, Trump has become the first U.S. president to accept Bitcoin donations in a campaign. At the 2024 Bitcoin Conference in Nashville, he confirmed Bitcoin as a strategic reserve asset, garnering support from cryptocurrency advocates.
Harris's position on cryptocurrency remains uncertain
Kamala Harris has largely remained silent on cryptocurrency, although she has expressed support for emerging technologies such as AI and digital assets while emphasizing consumer protection. However, her relationship with cryptocurrency critics has led some in the community to question her commitment to promoting crypto-friendly policies.
Cryptocurrency supporter Jake Chervinsky raised concerns about her vague promises of 'progress', warning that some anti-crypto voices use terms like 'consumer protection' to justify restrictive measures.
Some analysts believe that Trump's victory could lead to new record highs for Bitcoin, as his pro-crypto stance could create favorable conditions for the industry. Supporting these expectations, Polymarket data currently shows Trump leading Harris by more than 33%.
