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The 2024 US presidential election has stirred debate about how cryptocurrencies, especially Bitcoin (BTC), will shape the future. With Bitcoin and altcoin holders on the rise, crypto regulation will be a key issue in the election regardless of who wins. Regardless of whether former President Donald Trump or Vice President Kamala Harris wins the election, Bitcoin’s rise to $100,000 is supported by fundamental factors that transcend the political climate.
Trump and Harris’ Approach: Market Expectations and Bitcoin
Many expect Bitcoin to surge if Trump is elected president. His discussion of adding BTC to the US reserves and his crypto-friendly approach have created a positive atmosphere in the market. Trump aims to make the US a hub for digital finance by reducing regulatory barriers to crypto innovation. Harris, on the other hand, is expected to take a more cautious approach if elected. While Harris has not made any direct promises to crypto, he does care about user protection and preventing financial crime. Harris’ supporters are in favor of regulations that promote transparency in the crypto market.
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Regardless of the outcome, more comprehensive and positive crypto regulations are expected by 2025. Creating transparent and crypto-friendly regulatory frameworks will be a critical factor for Bitcoin’s future.
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