It wouldn’t help Kamala Harris to win any popularity contests if she stated outright that she’s against cryptocurrency. Yet, at least we would know where she stands on Bitcoin.

It’s already late September, with the presidential election less than two months away. By now, both Harris and Donald Trump ought to have provided enough policy specifics to enable voters to make an informed choice.

Trump has certainly been specific and direct in his support of Bitcoin. In fact, Trump recently made history when he became the first U.S. president to make a purchase using Bitcoin. Specifically, he bought burgers for his supporters at PubKey, a Bitcoin bar in New York City.

Don’t get the wrong idea. Bitcoin can rise during the next four years regardless of who’s in the White House. Still, a Trump presidency could clear the runway for less restrictive regulation and wider cryptocurrency adoption.

Geoff Kendrick of Standard Chartered doesn’t seem overly worried about the near-term trajectory of the Bitcoin price. “I think we will go to fresh all-time highs by the end of this year, no matter what happens in the U.S. election,” Kendrick posited.

Fair enough, but politics can drive sentiment in any asset class, including cryptocurrency. You don’t have to trade based on likely election outcomes, but it’s important to weigh the candidates’ stances on Bitcoin if you’re a strong supporter of decentralized finance.

Courtesy: FOX News

With one candidate, we have a clear-cut path to unencumbered Bitcoin adoption and acceptance. You can agree with Trump’s support for decentralized, digital assets, or you can disagree. But either way, you’ll know what to expect with a Trump presidency on this topic.

The issue is less clear when it comes to Kamala Harris. She hasn’t provided a definitive statement of her stance on Bitcoin, so it’s difficult to know what shape cryptocurrency regulation might take if there’s a Harris presidency.

Without a pro-Bitcoin or anti-Bitcoin position from Harris, Trump has become the default pro-cryptocurrency candidate. This lack of commitment in either direction could end up costing Harris support from strong Bitcoin advocates.

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!

    Michael Novogratz of Galaxy Digital expects that Harris’s cryptocurrency policy, whatever it might happen to be, will have to depart from Joe Biden’s policy. Novogratz called Biden’s approach to cryptocurrency “painful,” and added, “I think Kamala Harris will pivot.”

    Exactly what Harris would pivot to, isn’t clear at all. In any case, Novogratz seems to suggest that if Harris does commit to a pro-Bitcoin position, it would be for political reasons. “Being anti-crypto is a little bit like being anti-dog. It’s just not smart politics,” Novogratz explained.

    Courtesy: @rovercrc

    Fortunately, there’s no need to try to predict political outcomes with an anti-inflationary asset like Bitcoin. If this election cycle is like the previous three cycles, Bitcoin holders should prevail in the long run.

    The Federal Reserve might actually end up being Bitcoin’s greatest ally, ironically enough. The recent pivot to aggressively accommodative monetary policy should benefit risk-on assets, including cryptocurrency.

    If the Fed unintentionally helps Bitcoin and Trump supports it, then it’s easy to envision the Bitcoin price heading much higher during the next four years. On the other hand, Harris just can’t seem to choose a position on crypto – which, in a way, is a position but not necessarily a good one.

    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