Kamala Harris' Rising Election Odds Impact Bitcoin and Altcoins

  • VP Kamala Harris overpowers Donald Trump in betting odds on the presidential election.

  • Though Bitcoin dipped to a daily low yesterday, it recovered recently, marking nearly a 3% surge.

  • Peter Schiff hints at a possible inflation if Kamala Harris wins the presidential election.

Bitcoin experienced a sharp drop after the U.S. presidential candidates’ debate and a shift in the betting markets. As VP Kamala Harris’ odds on Polymarket climbed to 56%, surpassing Donald Trump’s 48%, Bitcoin dropped to a daily low of $55,591. Economist Peter Schiff, commenting on Harris’ rising odds, predicted an impending inflation should she be elected.

#Harris has a plan to give away a lot of money the U.S. government doesn't have. In other words, she has a plan to create even higher #inflation than we have now.

— Peter Schiff (@PeterSchiff) September 11, 2024

According to the latest data from Polymarket, Kamala Harris remains the leading candidate in the presidential race, even with minor fluctuations. Her odds dropped to 50%, while Trump’s odds rose to 49%.

Source: Polymarket

Schiff suggested Harris may introduce government funding initiatives, implying the pos…

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