Since Kamala Harris bravely entered the presidential campaign, as the craze she caused continues to heat up, the price of Bitcoin has unexpectedly shown a downward trend. This phenomenon is quite intriguing! The reason is that Harris's chances of winning in the crypto prediction market platform Polymarket are constantly rising.
As the attitude of the Democratic Party towards cryptocurrencies remains unclear, and Harris's own position on digital asset regulation is not yet clear, this has undoubtedly brought considerable pressure to the market. However, in sharp contrast, Republican candidate Trump has shown strong support for cryptocurrency policies, which has been regarded as a major positive factor by the market in a short period of time.
The key points are as follows:
1. After Biden announced his withdrawal from the campaign, the market's support for Harris increased significantly, which indirectly led to a decline in Bitcoin prices.
2. Data from the Polymarket platform shows that Harris's chances of winning are gradually increasing, but this also reflects that she has not yet had a clear policy position in the crypto field.
3. Bernstein's research report pointed out that if Harris is successfully elected, it may have a negative impact on the future development of digital assets in the United States.
4. Republican candidate Trump has publicly expressed his support for cryptocurrencies, which has significantly increased his support in this area.
5. Although Trump has criticized cryptocurrencies in the past, he has clearly expressed his support for the field this year.
6. Trump promised that if he is re-elected, he will implement policies that support Bitcoin and crypto innovation.
7. In contrast, Harris has not yet expressed a specific position on the issue of cryptocurrency, but some people speculate that she may be more open than Biden.