Mark Cuban backs Kamala Harris, predicts shift in crypto approach

  • Polls showed Trump and Harris in a tight race, each at around 50%.
  • Cryptocurrency and blockchain are emerging as key voter issues in the 2024 election.

As a seasoned crypto investor with a knack for keeping my finger on the pulse of political trends, I find myself intrigued by the 2024 U.S. election. The tight race between Donald Trump and Vice President Kamala Harris has certainly piqued my interest.


As the U.S. presidential election approaches, set for November 5th, both candidates are ramping up their political activities.

In this high-stakes race, various prediction polls are being analyzed to gauge potential outcomes.

Who is leading—Harris or Trump?

As per the latest information from Polymarket, it appears that Donald Trump and Vice President Kamala Harris are neck and neck in their competition. Each candidate is receiving almost identical levels of backing, currently estimated at around 50% each.

Mark Cuban backs Kamala Harris, predicts shift in crypto approach

Initially, it appeared that Trump had a slight lead with 49.5%, but upon further examination, Harris took the edge at 49.9%. This suggests a tight race as both candidates prepare for the final stages of the election.

Mark Cuban backs Kamala Harris, predicts shift in crypto approach

At first, Trump was ahead in public opinion surveys. However, after the initial presidential debate during which Harris excelled more than Trump, the situation started leaning towards her instead.

Mark Cuban stands up for Harris

Even Mark Cuban, the famous investor in Shark Tank in his recent interview with Farokh Radio showed his support for Kamala Harris and said, 

I don’t identify as a Democrat; instead, I consider myself an independent. However, I’m currently collaborating with the Harris team. My reason for doing so is simply because I believe she’s the stronger candidate in this election.

He further added, 

“I just think that he [Trump]’s not a great president”

This occurred right after her speech to contributors at a New York charity function held on the 22nd of September, during which Harris emphasized her dedication to promoting progress in artificial intelligence and digital currencies should she become president.

Well, this isn’t the first time Cuban has shown his support for Harris.

In a recent conversation with Politico, Cuban expressed the viewpoint that Harris might adopt a more business-oriented stance on key matters such as cryptocurrency and artificial intelligence, suggesting a shift towards a more transformative approach in her leadership style.

Furthermore, analyst Matthew Sigel proposed in late September that a Kamala Harris administration might bring more benefits for Bitcoin compared to a Donald Trump presidency.

Impact on the memecoin market

Over the past day, I’ve noticed an uptick in the memecoin market, particularly for the coin inspired by Harris, which I refer to as Kamala Horris (KAMA). Remarkably, it has seen a significant growth of approximately 20.5%.

In a similar vein, Doland Tremp (TREMP) experienced a significant boost, climbing up by 28.2%, according to CoinGecko, during the same timeframe.

Role of crypto in the 2024 election

As the 2024 U.S. election approaches, concerns about blockchain technology and cryptocurrencies are growing more important to voters.

A study jointly carried out by Consensys and HarrisX has highlighted a notable trend, suggesting that cryptocurrency may play a substantial role in shaping voters’ choices during elections.

A nationwide survey involving more than 1,600 registered voters found that approximately half of them hold a favorable position towards cryptocurrencies.

Significantly, nearly all cryptocurrency holders stated their intention to cast a vote, underscoring the increasing role of digital currencies in shaping political views and decisions.

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2024-10-05 01:44