Has Bitcoin been abandoned? What did Trump and Musk talk about at SpaceX? Is Harris's presidency good or bad for cryptocurrencies?

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A month ago, the "world famous painting" of Trump wielding his iron fist without fear of danger stopped the world from discussing the topic of the next presidential candidate of the United States . The crypto community and voting platforms are waiting for the next crypto president to take office. If nothing unexpected happens, there must be something unexpected: the old man in the first debate was replaced, and the young and energetic second debater Harris took the microphone!

Harris is no ordinary vice president. In her left hand, she holds the "strong card" of a prestigious university degree and rich political experience, and in her right hand, she holds the "supporting cards" of women's rights, blacks, non-immigrants, LGBT and white left. She is known as the "king bomb of political correctness" in the American political arena and is called the "Wendi Deng of politics."

As a walking politically correct collective, Harris has a wide range of votes and is determined. For example, when she was the Attorney General of California, she introduced the "Bill No. 47" that offered a $950 purchase of innocence for free, considering the interests of young black people in the "Black Lives Matter" black equal rights movement. This allowed her to stand on the moral high ground in national politics and black support, which is more group-oriented and supportive than the crypto monkeys who move when they hear about profits but disperse when they encounter difficulties. Now on Polymarket, Trump's chance of winning has dropped to 46%, while Harris has surpassed him to 52%. It should be noted that Trump's approval rating on the day of the attack was 72%, far ahead and sure of victory.

Seeing that the calls for her to build a high-rise building are growing day by day, Trump announced at the 2024 Bitcoin Conference that the United States will become a Bitcoin superpower and a crypto president. Not long ago, he held a Twitter Space with the global technology idol Musk , with more than 1.3 million online listeners listening. After all, everyone is still looking forward to the conversation between Musk, the leader of the cryptocurrency Dogecoin $doge, and the future crypto president Trump.

The two were disrupted by a large-scale DDOS attack that delayed the connection for more than 45 minutes. Some people did not want Trump to have too much contact with the public. The temporary episode did not prevent the live broadcast from continuing. However, Musk and Trump did not mention Bitcoin or other crypto-related words in the subsequent interview . The two talked about the assassination attempt on Trump, illegal immigration, Biden's withdrawal from the election, Harris' refusal to accept interviews, wanting to abolish the Ministry of Education, criticizing the governor of California, electric vehicle policies, etc. Will Trump abandon the crypto groups that supported him in the next election?

During the 2024 campaign, Trump made several moves to garner support from the cryptocurrency community as part of his presidential campaign. Back in May, he began accepting cryptocurrency donations, marking a shift in his stance after previously expressing skepticism. In June, he specifically supported Bitcoin miners, expressing his hope that the remaining Bitcoins could be mined within the United States. Finally, Trump was a keynote guest at the Bitcoin Conference in Nashville in late July, further solidifying his appeal to cryptocurrency voters.

Harris is working with two former economic advisers to the Biden administration, Brian Deese and Bharat Ramamurti, who strongly opposed the previous 2023 Payment Stablecoin Act, arguing that the bill was too lenient on issuers. Harris' choice of economic advisers may indicate that she intends to continue the Biden administration's hostile regulatory approach to cryptocurrencies.

Harris is set to unveil plans for her economic policy agenda in a mid-August speech, which may provide investors with more clues about her attitude toward cryptocurrency regulation . If Brian Deese, Bharat Ramamurti, Wally Adeyamo, and others will lead economic policy in a Harris/Waltz administration, it is unlikely that the administration will soften its stance on cryptocurrencies.

However, who can predict what will happen in the future? Just like Trump opposed Bitcoin and crypto investment when he was in office, but after "accepting advanced guidance", he supported the technical leadership and financial campaign of Bitcoin and other cryptocurrencies. If Bitcoin and other crypto-finance are more widely used and have an effect on boosting economic vitality, improving infrastructure and creating new jobs, and cryptocurrencies actively contribute to the overall economic recovery in the United States, no matter who is in charge, who would oppose the issue of improving the economy and making sure people have enough food?

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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