News View Non-AMP

Kamala Harris’s Victory May Trigger a Bitcoin Crash: What You Should Know

Published by
Vijay Gir

With just hours left before the polls open, excitement is building around the 2024 U.S. presidential election, particularly for the cryptocurrency market. This crucial moment impacts not only American politics but also the future of digital currencies. As the nation prepares for the results, data from Polymarket shows that Donald Trump has a 61% chance of winning, while Kamala Harris trails with 39%.

Let’s explore how the crypto market might react to either outcome.

Trump’s Potential Win: A Bitcoin Rally?

If Trump wins, Bitcoin enthusiasts could experience an exciting surge. Analysts at Bernstein predict that Bitcoin’s price might jump quickly, potentially reaching between $80,000 and $90,000 within just two months—higher than its previous peak of around $73,800. So, why is there such optimism among crypto investors? Trump’s history of supporting cryptocurrency plays a major role.

Additionally, his running mate, JD Vance, is a strong supporter of Bitcoin and crypto, reinforcing Trump’s favorable stance towards the industry. Observers have noticed that Bitcoin’s price has moved in line with the changing odds of Trump’s victory. Many in the crypto community believe that a Trump presidency could bring about friendlier regulations. He has even suggested plans to remove SEC Chair Gary Gensler due to his anti-crypto policies.

This possibility excites the crypto sector, as many believe Trump could create a supportive environment for digital assets.

What If Harris Wins? A Slower Road for Crypto

On the other hand, if Kamala Harris wins, the outlook changes. Analysts expect that Bitcoin might face challenges, potentially dropping to around $50,000—a steep decline of over 25%. Concerns are growing that Harris’s administration could enforce stricter regulations on the crypto market, leaving investors feeling uneasy.

Still, Bitcoin supporters remain hopeful, focusing on the long-term growth potential of cryptocurrencies. This optimism is driven by the increasing adoption of Bitcoin ETFs and a rising interest from both institutional and retail investors.

What’s Next for Crypto Post the Elections?

No matter the election outcome, the crypto market is likely to experience significant changes. Standard Chartered analyst Geoff Kendrick suggests that if Harris wins, Bitcoin may stabilize around $75,000 by the end of 2024. In contrast, if Trump wins, Bitcoin could soar as high as $125,000. The atmosphere is tense for both crypto and stock markets, with everyone eagerly watching the developments.

Whether you’re an investor or not, the next few hours and days promise to be fascinating.

Vijay Gir

Vijay Gir is a Certified Blockchain Expert with over 8 years of experience in the blockchain industry. He has a deep passion for sharing his knowledge of blockchain, cryptocurrency, and web3 technologies. For the past 7 years, Vijay has been dedicated to writing about these transformative topics, helping others stay informed and understand the evolving landscape of decentralized technologies.

Recent Posts

Can Pi Network Price Hit $50 Next?

Pi Coin recorded 4.5% gains in the past 24 hours, currently trading at $0.5335. This…

June 24, 2025

Ripple (XRP) Adoption Set to Rise With FED’s Policy Shift

The US Federal Reserve has officially removed ‘reputational risk’ from its banking supervision rules—a move…

June 24, 2025

Global Corporations Bitcoin Holdings 2025

2025 marks a pivotal year for Bitcoin in terms of institutional adoption, strategic reserves, and…

June 24, 2025

Which Crypto Will Boom in 2025?

The crypto market is entering a defining phase. After undergoing regulatory crackdowns, geopolitical shocks, and…

June 24, 2025

Crypto Regulations In China 2025

China was among the earliest countries to enthusiastically embrace cryptocurrency. The country was one of…

June 24, 2025

WazirX Gets Court Extension for Restructuring

WazirX has received the green light from the Singapore Court to submit further arguments in…

June 24, 2025