It appears that the cryptocurrency community favors Donald Trump over Kamala Harris for the 2024 election.
- Trump leads Saylor’s Bitcoin poll with 91% of 61,238 votes, reflecting strong support. CoinShares reports $407 million in digital asset inflows, driven by a potential Republican win.
With just a week remaining until the highly anticipated 2024 United States Presidential Election, the competition between the two leading candidates has intensified. Needless to say, this year’s election has a distinct focus on cryptocurrency. This has drawn increased attention from key figures within the crypto industry.
Michael Saylor sparks controversy
Joining the fray was, MicroStrategy founder Michael Saylor posted a critical question: who between Donald Trump and Kamala Harris would be more favorable for Bitcoin [BTC]?
In his recent X post, Saylor created a poll asking,
Source: Michael Saylor/X
As of the 27th of October, with 18 hours remaining in the poll, Trump was leading with 91% of the 61,238 total votes. Additionally, the comments section also reflected a stronger preference for Trump over Harris.
What’s behind Saylor’s new political move?
Saylor’s recent remarks had ignited a lot of speculation within the crypto community. For those unaware, he recently encouraged Bitcoin holders to place their trust in large, “too big to fail” financial institutions, arguing that they were better suited for managing substantial BTC assets.
However, he soon reversed this stance, advocating for both individuals and institutions to have full autonomy in deciding how to store and manage their BTC holdings.
This shift sparked speculation that his reputation might take a hit. This prompted some to view the polling move as Saylor’s attempt to restore his image as a steadfast Bitcoin proponent.
Polymarket vs National polls
In the midst of the political race, Polymarket trends show Donald Trump leading with 66.3% of the votes, while Kamala Harris trails behind at 33.8%.
Source: Polymarket
Despite this wide margin in Polymarket predictions, national polls paint a much closer picture.
According to surveys from the New York Times and CNN, both Harris and Trump were locked in a tight contest. The former held 48% of the vote and the latter at 47%. This stark contrast highlighted the unpredictability of the race and the differing perspectives of various polling platforms.
Trump vs Harris
As expected, a recent report from CoinShares highlighted a notable increase in digital asset inflows, reaching $407 million, largely driven by investor optimism surrounding a potential Republican victory.
Meanwhile, Kamala Harris was not left alone as she too gained support from notable figures like Chris Larsen, the co-founder and executive chairman of Ripple. However, when it came to memecoins inspired by these political candidates, a stark difference was evident.
The Trump-inspired memecoin, MAGA TRUMP, surged by 13.4% in the last 24 hours, while the Kamala Harris-themed token [KAMA], saw a 4.6% decline.
Amid this intensifying election battle, Bitcoin also turned bullish. The king coin claimed to $68,395.01, marking a 2.01% rise over the past day as per CoinMarketCap.
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