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The next US Presidential election, now a little over a month away, is expected to be pivotal in shaping the Bitcoin price trajectory. 

Former President Donald Trump has made a series of concrete promises, portraying himself as “the crypto President”. However, he is no longer the favourite to win the White House in November. 

Interestingly, asset management firm and spot BTC ETF issuer VanEck projects that a Kamala Harris presidency could be even more bullish for the Bitcoin price than Trump’s second term.

Either way, institutions and whales are gearing up for the next crypto bull run, expecting BTC to hit triple digits. Meme coins like Popcat, Brett, Pepe and Memebet Token are also in high demand. 

Who Is Ahead In The Race For The White House?

Kamala Harris is now the favourite to be the next US President after Donald Trump’s poor showing in the first Presidential debate. 

For instance, Nate Silver’s election forecast is now showing a 3-point lead for Harris, a major change-up from just a week ago when it was showing a 20-point Trump lead. 

The Polymarket odds also support this sentiment. However, the recent New York Times/Sienna polling does showcase Trump’s strength in the sunbelt states of Arizona, North Carolina and Georgia, making the race too close to call. 

‘President’ Kamala Harris Better For Bitcoin?

While the race for the White House still remains a toss-up nationally, crypto investors are now gearing up for the likelihood of a ‘President’ Kamala Harris. 

However, the Head of Digital Assets Research at VanEck Matthew Sigel and Investment Analyst Nathan Frankovitz project that a Kamala Harris presidency could even be more bullish for Bitcoin than a Trump second term.

VanEck analysts highlight that the trends of high fiscal spending, quantitative easing, rising national debt and the weakening of the US Dollar will continue – if not accelerate – under both administrations, creating a strong demand for Bitcoin. Interestingly, BlackRock analysts recently gave a similar analysis. 

However, a Harris presidency could exacerbate these issues, resulting in a BTC boom. 

Either way, VanEck sees Bitcoin establishing itself as a key international medium of exchange by 2050, ultimately becoming a global reserve currency. In fact, the BTC ETF issuer predicts that the Bitcoin price could hit $2.9 million by 2050. 

However, the firm does concede that a Trump presidency would be more bullish for the broader ecosystem, owing to the Republican’s promise of deregulation and business-friendly policies. 

This is despite Harris making concerted efforts to distance herself from President Biden’s anti-crypto policies. In a recent Wall Street fundraiser, the Vice President promised to encourage innovative technologies like AI and digital assets. 

NEWS: VP Harris says at a fundraiser on Wall St. that she "will encourage innovative technologies like AI and digital assets while protecting our consumers and investors."

— Jennifer Epstein (@jeneps) September 22, 2024

A few of Harris’s trusted advisors – including entrepreneur Mark Cuban, Rep. Ro Khanna, Rep. Wiley Nickel and Anita Dunn – are holding regular meetings with industry leaders to offset Trump’s appeal. 

While Trump may remain the industry’s preference, a Kamala Harris presidency may not play a spoilsport to the upcoming crypto bull run. 

Best Crypto To Buy Now Before November Elections

Whales and institutional investors are bullish on Bitcoin, irrespective of the election outcome. While a Harris victory may result in an election-day crypto prices decline, the Federal Reserve’s bullish quantitative easing is a much stronger narrative. 

For instance, Standard Chartered predicts that the Bitcoin price will hit $200,000k by the end of 2025, irrespective of who is in the White House. 

Whales are also including meme coins in their list of best crypto to buy now. For instance, large caps like Pepe, Brett and Popcat are in high demand and could all reach a $10 billion valuation in the coming months. 

Smart money investors are also bullish on recent Binance listings, including DOGS, First Neiro On Ethereum and Baby Doge Coin. 

Finally, deep-pocketed investors have been stacking new low-cap meme coins, aiming to net up to 100x gains. For instance, a crypto whale has recently invested $50k into Memebet Token (MEMEBET). 

MEMEBET is the native cryptocurrency of Memebet Casino, the first-ever meme coin-based gambling platform. The casino recently created quite a substantial buzz after securing a Regional Sponsorship with the Argentina National Football Team. 

MEMEBET is seeing robust presale funding, having already raised over $270k in the first few days of its ICO. Owing to the growth potential in GambleFi and meme coin space, experts project that Memebet Token could offer up to 100x returns. 

Visit Memebet Token Presale

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