Will Bitcoin’s (BTC) Price Crash if Kamala Harris Becomes President of the USA (ChatGPT Speculates)
The post Will Bitcoin’s (BTC) Price Crash if Kamala Harris Becomes President of the USA (ChatGPT Speculates) appeared on BitcoinEthereumNews.com.
TL;DR The presidential elections in the United States could severely affect the cryptocurrency market. Trump’s possible victory might boost BTC due to his pro-crypto stance, while his potential loss could have the opposite effect. Biden’s withdrawal has Trump and Harris tied at 44% support each, while Robert Kennedy trails behind. Bitcoin’s Possible Reaction The US presidential elections, scheduled for November this year, have been a highly intriguing topic recently due to Joe Biden’s withdrawal from the race. The current political leader of the States claimed his decision was “in the best interest” of the country, backing Vice President Kamala Harris as the Democratic nominee. Shortly after, she received support from the majority of the party delegates, meaning she has the best chance to oppose the Republican candidate, Donald Trump. The voting result may trigger enhanced volatility in the cryptocurrency market, particularly bitcoin’s (BTC) price. Over the past several months, Trump has presented himself as a pro-crypto candidate, promising to let the industry thrive. He also claimed America should increase its BTC mining efforts and opposed the idea of launching a central bank digital currency (CBDC). This has caused some industry participants to envision a crypto rally in the event of his potential election as the 47th President of the USA. But what would happen to the market if his opponent wins? We referred to ChatGPT with that specific question. The AI-powered chatbot estimated that BTC’s valuation might be negatively impacted in the short term by such a development, assuming that Harris’ administration follows the steps of the current presidency. Biden’s cabinet has previously addressed the risks related to the cryptocurrency industry, emphasizing the need to implement strict and comprehensive rules in the space. It also explored the idea of launching a CBDC. On the other hand, ChatGPT claimed that Harris’ potential election…
Filed under: News - @ July 24, 2024 3:10 am