Who’s Better for Bitcoin? Trump or Harris?
Why Trump is perceived as better for Bitcoin … the crypto retakes $72,000 … we expect much higher prices in 2025 … we’re in a “full-blown technology boom”
Bitcoin appears to be pricing in a Trump victory.
Yesterday, the granddaddy crypto pushed above $73,000 for the first time since March. As I write Wednesday morning, it’s pulled back slightly, but still holding $72,000 and up 34% since its September low.
Now, we should be cautious about how much of this climb we attribute to Trump (the rumor of a fresh wave of Chinese stimulus is also a factor), but there is a link.
The market views Trump as more supportive of the crypto world than Vice President Harris. And as Trump appears to have gained a slight momentum edge in recent days, Bitcoin has responded.
Diving into the perception that Trump is more “pro Bitcoin” than Harris, let’s rewind to July when Trump gave the keynote speech at the Bitcoin Conference in Nashville:
This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world, and we’ll get it done.
We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry.
The former president went on to make a handful of promises in that speech, all very bullish for crypto.
While Harris hasn’t come across as a crypto hawk, she hasn’t been as vocal of a supporter of the sector
One of the few comments she’s made on the subject came from a fundraiser in New York back in September:
