As the 2024 United States Presidential Election approaches, the competition between the top contenders has intensified. This election year has a significant focus on digital currency, attracting attention from prominent individuals in the cryptocurrency sector.
Michael Saylor stirs up debate
Michael Saylor, the founder of MicroStrategy, entered the conversation by posing a crucial question: who, between Donald Trump and Kamala Harris, would be more beneficial for Bitcoin [BTC]?
In a recent blog post, Saylor initiated a poll to gauge public opinion.
As of October 27th, with 18 hours left in the poll, Trump was leading with 91% of the 61,238 total votes. Comments also indicated a strong preference for Trump over Harris.
Exploring Saylor’s political stance
Saylor’s recent statements have sparked speculation within the crypto community. He previously advocated for Bitcoin holders to trust large financial institutions, only to reverse course and support individual autonomy in managing BTC assets.
Many speculated that this nuanced approach could impact his reputation, leading some to view the poll as Saylor’s effort to reaffirm his commitment to Bitcoin.
Polymarket vs National Polls
Polymarket data suggests Trump is leading with 66.3% while Harris lags at 33.8%.
In contrast, national polls from reputable sources such as the New York Times and CNN depict a much closer race. Harris and Trump are virtually tied, with 48% and 47% support respectively, underscoring the variability in survey results.
Trump vs Harris Overview
Recent reports from CoinShares reveal a substantial increase in digital asset inflows, primarily fueled by optimism surrounding a potential Republican win.
While Harris garners support from figures like Chris Larsen of Ripple, memecoins inspired by the candidates tell a different story.
Trump-based memecoin MAGA TRUMP surged by 13.4% in the past 24 hours, while the Kamala Harris-themed token KAMA witnessed a 4.6% decline.
Against the backdrop of the heated election, Bitcoin also saw positive movement, reaching $68,395.01 and marking a 2.01% increase over the previous day, according to CoinMarketCap.