Crypto:
32374
Bitcoin:
$98.619
% 0.09
BTC Dominance:
%59.5
% 0.26
Market Cap:
$3.30 T
% 1.49
Fear & Greed:
94 / 100
Bitcoin:
$ 98.619
BTC Dominance:
% 59.5
Market Cap:
$3.30 T

Kamala Harris Backs Crypto, Vows to Keep U.S. Technological Dominance

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Emphasizing the need of the United States leading in blockchain, artificial intelligence (AI), and other developing technologies, Kamala Harris has openly supported safeguarding cryptocurrency. Speaking on Sept. 25 at Pittsburgh’s Economic Club, she emphasized America’s contribution to encouraging invention and said:

We will invest in biomanfecting and aerospace, remain dominant in AI and quantum computing, blockchain, and other emerging technologies.”

This represents her first public opinion on cryptocurrencies, in line with her Republican competitor Donald Trump, who has freely backed the sector. In an 82-page economic plan, Harris restated her stance on cryptocurrencies: her government will “encourage innovative technologies like artificial intelligence and digital assets while protecting consumers and investors.”

Harris vs. Trump on Crypto

Harris’s latest remarks have generated curiosity since experts project conflicting results for cryptocurrencies depending on the 2024 election. VanEck analysts stated in a Sept. 19 research note a Harris victory may hasten structural improvements benefiting Bitcoin. Conversely, Trump, a strong supporter of crypto sector deregulating, is considered as more positive for the sector.

Analysts also highlight the continuous financial difficulties facing the United States, including growing national debt, which might devaluate the US dollar—a situation in which Bitcoin has always performed rather well.

Election Impact on Bitcoin

While a Harris win may see Bitcoin tumble to $30,000, Bernstein analysts estimated that a Trump triumph might drive Bitcoin to $90,000 by year’s end. With crypto firms and investors keenly observing both contenders, the election is expected to have a major impact on market mood.

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FiveThirtyEight reports that as of Sept. 25, Harris and Trump are practically equal in national surveys; Harris holds a little lead of 2.5 percentage points. The result of this election might be quite important in determining how U.S. cryptocurrency control is shaped going forward.

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