By the way: Vice President Kamala Harris is "more open" to cryptocurrencies?
With Joe Biden's withdrawal from the presidential campaign, Kamala Harris's identity as a potential Democratic candidate has attracted much attention, and her support for innovation in the crypto industry has also become a focus. However, the market is still divided on whether Harris can create a more friendly environment for cryptocurrencies and the continuity of regulatory policies in the Biden era.
Harris' political resume shows that she may be more supportive of innovation than Biden. The Politico report pointed out that industry leaders expect her to adopt more progressive policies. However, her rapid rise has also made the crypto circle unpredictable about her regulatory stance. Harris will show a more open business attitude in AI, cryptocurrency and government services, although this prediction has yet to be confirmed.
If Trump returns to the White House, the market expects the US dollar to be under pressure, which may push up the prices of risky assets including Bitcoin. Earlier this year, the successful launch of cryptocurrency ETFs has helped BTC prices rise, and the expectation of Trump's victory may once again stimulate market enthusiasm. But Bitcoin's recent gains are more affected by economic factors than Trump's direct support.
Bitcoin prices are affected by multiple factors, including global political and economic dynamics. Even with the ever-changing political situation in Washington, Bitcoin still faces many challenges, such as the market volatility caused by the German government's sell-off. Bitcoin's narrative diversity is both its advantage and its weakness, and the uncertainty of the election results may exacerbate market turmoil.
Whether it is Harris's potential coming to power or Trump's return to the White House, the cryptocurrency market will face new opportunities and challenges. In this game of politics and economy, the future direction of crypto assets such as Bitcoin will be more confusing, but also full of infinite possibilities.
Who do you think is more suitable to be the president of the United States? See you in the comments section;
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