The cryptocurrency market has long been in the spotlight in the US election race. Candidates are making their own adjustments to their development plans and approaches to regulating the crypto industry. Let's take a look at the latest developments:
🇺🇸 Democratic Political Campaign
Democrats have launched a "Crypto for Harris" campaign to counter Trump, and are scheduled to meet with crypto industry representatives this week to highlight the importance of the space in their strategy.
🔗 New faces in the Harris team
Kamala Harris is beefing up her team by bringing in crypto industry experts. David Plouffe, a former member of Binance’s global advisory board, has joined her team. The unit, created last September, is aimed at improving interactions with regulators.
📈 Bitcoin Forecasts
According to Michael Terpin of Transform Ventures, a Donald Trump victory could push Bitcoin to $100,000. "The expected bull market will follow a four-year cycle with particularly strong gains in October and November," Terpin says. I would also be more interested in a Trump victory. I don't think the crypto industry will face a crisis with Harris, but I do think there is a chance for impulsive growth with a Trump victory; expectations are very heated. Unlike heated expectations before an announcement, where everyone takes profits during or immediately after the announcement and everything falls, a victory in an election where both candidates are neck and neck is more of a lottery moment, and there can be no fixing.
🤔 Harris's historic chance
As the election approaches, questions are being raised about Kamala Harris’ potential to become the first female president of the United States. Her focus on cryptocurrencies could play a key role in the campaign. Harris is being touted in the media as someone who has never said anything bad about crypto, unlike Trump’s outbursts a few years ago. Harris is leading the odds on Polymarket by a slim margin, but in 2016, Hillary led and lost by more than 70 votes. By the way, bets on this election have already been placed for over half a billion US dollars.
🍿Debate
Trump has said he will hold three rounds of televised debates with Harris in September, which will take place on September 4, 10, and 25 on Fox, ABC, and NBC. Trump will likely gobble up Harris, but I advise you to mark these dates and be careful in trading with leverage.
P.S. Red is Trump, blue is Harris.
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