According to TechFlow, at the Bitcoin 2024 conference held in Nashville, Fred Thiel, chairman and CEO of MARA (formerly Marathon Digital Holdings), said that the main threats facing cryptocurrencies will still come from energy policy and the banking industry.

Thiel predicts that bitcoin mining could boom under a Trump administration, while the direction of energy policy under a potential Kamala Harris administration is unclear.

Riot Platforms CEO Jason Les expressed skepticism about the pro-crypto policies that a Kamala Harris administration might adopt, arguing that its policies might not stray far from the current administration’s anti-crypto stance.

With Biden's withdrawal from the 2024 presidential race, Vice President Kamala Harris is widely expected to become the Democratic Party's frontrunner in 2024. Although Kamala Harris has not yet revealed her cryptocurrency stance, investor Mark Cuban said that her attitude toward the crypto industry is "far more open than generally believed."

Meanwhile, former President Trump continues to brand himself as the "crypto president," promising to protect self-custody and the U.S. bitcoin mining industry.