Kamala Harris’ improving election chances could hurt bitcoin, YouHodler analyst says | Headlines | News | CoinMarketCap
08/01/2024 21:16
In the lead-up to the U.S. elections in November, bitcoin's price could be negatively affected if Kamala Harris' chances of winning …
The Block Crypto News16 minutes ago
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Published on August 01, 2024 14:01 GMT+00:00edited on August 01, 2024 14:14 GMT+00:00
In the lead-up to the U.S. elections in November, bitcoin's price could be negatively affected if Kamala Harris' chances of winning strengthen against her pro-crypto rival, Donald Trump, according to an analyst.
Online exchange YouHodler's Ruslan Lienkha said cryptocurrency investors are watchful of the current vice president's strengthening odds on multiple online prediction markets, as they see a potential Harris victory as being bearish for the largest digital asset by market capitalization.
"If investors believe a Democratic administration might impose stricter cryptocurrency regulations, bitcoin’s price could suffer," Lienkha told The Block. "Harris’s momentum in crucial swing states could intensify these concerns."
He added that if Harris wins, the …