CandleFocus Weighing the Harris/Trump crypto impact on Election Eve
2024-11-04
Author: Content Editor
The upcoming US presidential election is expected to impact the crypto markets, although the exact effects are uncertain. The Trump campaign started accepting crypto donations in May, and Trump has expressed support for crypto. However, Harris, Biden's running mate, has made supportive comments about emerging technologies and crypto, although with fewer details. The outcome of the election could potentially affect bitcoin's price, with estimates suggesting a 10.1% increase if Trump wins and a 9.8% decline if Harris wins. However, experts believe that the election may only have a short-term impact on the crypto markets, as the underlying trends supporting bitcoin remain unchanged.
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