With the 2024 election coming down to a close race between Donald Trump and Kamala Harris, at 51% and 49% odds on the Kalshi betting platform, the crypto community is closely watching to see how each candidateās policies might impact digital assets and meme culture. Hereās a look at what could happen under each potential outcome:
1. A Trump Victory: A Bullish Boost for Crypto?
A win for Trump could renew optimism in the crypto market. His support for deregulation and free-market principles suggests a favorable climate for crypto, with reduced regulatory hurdles that could encourage more institutional involvement. This environment might drive significant capital into high-risk assets, like memecoins and volatile tokens, boosting their popularity and market activity.
2. A Harris Presidency: What Would it Mean for DeFi and Memecoins?
In contrast, a Harris-led administration would likely bring more regulatory oversight for crypto. However, given that Bidenās administration has largely left the DeFi sector alone, DeFi itself might not be the primary focus. Instead, we might see increased scrutiny on the āmeme economy,ā which includes tokens linked to figures like Musk and Trump. This could particularly impact the memecoin market, potentially causing investors to redirect funds to more established altcoins.
Altcoin Season Ahead, No Matter the Winner
Though Trump and Harris bring different approaches, one thing is certain: regulatory shifts will continue to drive the market's direction. A Trump win could encourage a surge in high-risk tokens, while a Harris presidency might push memecoin liquidity toward more established assets, possibly accelerating Altcoin Season.
Either way, crypto investors may be looking at an exciting phase ahead as the market adapts to a changing regulatory landscape.