- Trump leads Saylor’s Bitcoin poll with 91% of 61,238 votes, reflecting strong support.
- CoinShares reports $407 million in digital asset inflows, driven by a potential Republican win.
As a seasoned crypto investor with a keen eye for market trends and political undercurrents, I find myself intrigued by the recent developments surrounding the 2024 US Presidential Election and its impact on the digital asset landscape.
As the 2024 U.S. Presidential Election draws near, only seven days away, the rivalry between the top contenders has grown more intense. It’s no secret that this election cycle is particularly centered around cryptocurrency, a fact not lost on influential figures in the digital currency sector.
Michael Saylor sparks controversy
Entering the conversation, MicroStrategy’s founder, Michael Saylor, posed a thought-provoking query: Which of the two, Donald Trump or Kamala Harris, might prove to be more supportive of Bitcoin [BTC]?
In his recent X post, Saylor created a poll asking,
On October 27th, as there were just about 18 hours left in the election poll, Trump held a significant lead with approximately 91% of the 61,238 overall votes. Furthermore, the comments section indicated a clear lean towards Trump compared to Harris.
What’s behind Saylor’s new political move?
Lately, Saylor’s comments have sparked much discussion among cryptocurrency enthusiasts. To clarify, he has been advocating for Bitcoin holders to rely on established, “too big to fail” financial corporations, suggesting that these institutions are more capable of handling large amounts of Bitcoin assets.
Instead, he subsequently changed his viewpoint, supporting the idea that both personal users and institutional entities should be free to choose their own methods for storing and administering their Bitcoin assets.
This change led some people to consider if it could harm his standing, suggesting they viewed this strategic decision in polling as an effort by Saylor to reaffirm his reputation as a dedicated Bitcoin advocate.
Polymarket vs National polls
Amidst the thrilling whirlwind of the electoral contest, I find myself observing some intriguing patterns in the Polymarket trends. As of now, it appears that Donald Trump is commandingly ahead with a substantial 66.3% of the votes cast so far. On the other hand, Kamala Harris finds herself playing catch-up, currently trailing behind with 33.8%.
Despite this wide margin in Polymarket predictions, national polls paint a much closer picture.
As a researcher, I’ve analyzed recent surveys conducted by both the New York Times and CNN, and it appears that the race between Harris and Trump is incredibly close. I found that Harris was leading with approximately 48% of the vote, while Trump trailed closely behind at about 47%. This tight margin underscores the unpredictability of this election and showcases the varying viewpoints among different polling platforms.
Trump vs Harris
According to the latest findings from CoinShares, there’s been a significant surge in investments into digital assets, amounting to approximately $407 million. This growth can mainly be attributed to investors’ positive outlook on a possible Republican win.
At the same time, Kamala Harris wasn’t on her own in garnering backing; she received support from notable figures such as Chris Larsen, co-founder and executive chairman of Ripple. In contrast, when it came to memecoins inspired by these political candidates, a clear disparity was noticeable.
Read Bitcoin’s [BTC] Price Prediction 2024–2025
In the past day, the cryptocurrency influenced by Donald Trump, known as MAGA TRUMP, experienced a 13.4% increase, whereas the token associated with Kamala Harris, KAMA, dropped by 4.6%.
Amid this intensifying election battle, Bitcoin also turned bullish. The king coin claimed to $68,395.01, marking a 2.01% rise over the past day as per CoinMarketCap.
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2024-10-28 18:16