Could the 2024 presidential election be decided by cryptocurrency supporters? It’s entirely possible as November 5 draws near and just a handful of votes might decide whether the winner is Donald Trump or Kamala Harris.
Either way, it’s encouraging to see Bitcoin take center stage during this election cycle. It was basically a non-factor in prior U.S. elections, but that was before spot Bitcoin ETFs made cryptocurrency as popular as it is today.
It’s not exactly a one-to-one correlation, but the rise and fall of Bitcoin prices lately has had a loose connection to Trump’s perceived odds of winning the election. Surely, it’s not just happenstance that the Bitcoin price increased by more than 18% in seven days after Trump survived an assignation attempt on July 13.
Other factors affecting the Bitcoin price include moves in the U.S. dollar as well as the likelihood of an interest rate hike in September. Yet, it’s reasonable to conclude that the outcome of this particular election will have a marked impact on Bitcoin’s price and market cap.
No matter how you slice it, buying Bitcoin is the ultimate “Trump trade.” The fact that Trump was the headline speaker at this year’s Bitcoin 2024 event, while Harris declined to attend at all, speaks volumes.

Courtesy: @JAN3com
Certainly, if the United States seeks to become a leader in cryptocurrency adoption, it matters who’s in charge of the country. Electing a pro-crypto president could make the difference between the nation taking charge or falling behind.
It’s also worth noting that Trump owns at least $1 million worth of cryptocurrency. This, literally, is an example of a candidate putting his money where his mouth is.
Trump doesn’t claim to be the world’s foremost expert on cryptocurrency, but he does understand the value of digital assets as a form of money. “I know a lot of very good people that are really into that world and into that market. They’re smart, they’re good people, and they think it’s going to be very beneficial,” he said recently.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
Bitcoin can certainly be “very beneficial” if the U.S. dollar’s supply continues to rise over the long term. The Bitcoin halving occurred in April of this year, ensuring that its supply won’t get out of control like the dollar’s supply has done.
Of course, supply is only one part of the dynamic that will affect the Bitcoin price. Demand and adoption will also matter, and having a pro-Bitcoin president as a cheerleader should certainly boost crypto demand.

Courtesy: @LeonWaidmann
Supply and demand are correlated with Bitcoin, since it’s the limited supply that makes Bitcoin appealing to sophisticated investors. As you can see in the chart shown above, Bitcoin’s supply is under control as Bitcoin exchange reserves recently reached an all-time low of 2.7 million BTC.
Meanwhile, it’s unclear what Harris’s exact stance on Bitcoin is at the moment. That’s troubling when the presidential election is less than three months away.
With all of this in mind, cryptocurrency advocacy group Stand with Crypto gave Trump an “A” rating. The group doesn’t endorse individual candidates, but did observe that Trump “strongly supports crypto.”
Stand with Crypto hasn’t graded Harris yet, but that’s because Harris hasn’t publicly taken a definitive stance on cryptocurrency. However, saying nothing about crypto actually says a lot about Harris, and should tell Bitcoin believers everything they really need to know about this.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
Disclaimer/Disclosure:
Legal Notice: No matter how good an investment sounds, and no matter who is selling it, make sure you’re dealing with a registered investment professional. Use the free, simple search at investor.gov
We are not brokers, investment or financial advisers, and you should not rely on the information herein as investment advice. We are a marketing company. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT recommendations. The securities issued by the companies we profile should be considered high risk and, if you do invest, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEC filings, press releases, and risk disclosures. Information contained in this profile was provided by the company, extracted from SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.
Please read our full disclaimer at CrushTheStreet.com/disclaimer