Bitcoin’s been flirting with all-time highs, but today it’s nosediving to $62,000—straight to the Earth’s core. Meanwhile, the Trump and Kamala crypto camp are giving the thumbs up to the digital-asset crowd.
D.C. is starting to pay attention to crypto regardless of party affiliation. Throw out your “Make Bitcoin Great Again” hats.
Feels like crypto is kinda going all in on the potential Trump presidency making enemies while doing so
Straight up don't think that's a wise choice even though I think Trump still has (slightly) higher odds of winning
— DonAlt (@CryptoDonAlt) August 1, 2024
Kamala Crypto: Her Stance and Industry Engagement
As crypto rebounds from its bust cycles, it’s getting nods from serious investors and Democrats like Ritchie Torres and Ro Khanna.
However, skepticism is still alive, with watchdogs like Elizabeth Warren and Sherrod Brown eyeing the industry warily.
Lol Kamala now officially favored to win
PresidencyLfmao welcome to 4 year crypto bear market soon
— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) August 1, 2024
While the market might be dumping now, it could just be short-term panic. In the long term, if Harris is pro-crypto and Trump is pro-crypto, it should be a win-win for everyone.
I saw Trump speak live at BTC Nashville; his understanding of this industry is that of a 13-year-old (maybe less?).
It’s not to be derogatory; any understanding of this industry is infinite times better than what we had before.
The Kamala crypto camp hasn’t carved out a clear path yet for regulation, yet they are leaning towards regulating it like any other part of finance.
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Should You Invest in the Kamala Crypto Coin?
High-profile Democrats like Senate Majority Leader Chuck Schumer and former House Speaker Nancy Pelosi have supported the crypto industry, signaling a shift towards industry-friendly policies.
As Harris enters the debate and becomes the presidential favorite, it’s best not to panic because the orange man is behind.
If crypto gets accepted by both parties, this is easily the best outcome for it (despite short-term panic).
Moreover, we recommend checking out the Kamala crypto coin, which is woefully undervalued compared to its Trump counterpart (#2601 vs. #223).
We’re tired of the partisan BS over Bitcoin and crypto; this isn’t supposed to be a one-party issue.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
