There is very little time left for the US Presidential elections, one of the most important events closely followed by Bitcoin (BTC) and cryptocurrency investors.
The importance of BTC and cryptocurrencies stems from the candidates’ approaches. While former President Donald Trump openly supports BTC and crypto, Democratic candidate Kamala Harris has not made any statements about cryptocurrencies until recently. This has largely led cryptocurrency voters to Trump.
At this point, analysts stated that Trump's victory is a great chance for Bitcoin and altcoins, while the final assessment came from CryptoQuant CEO Ki Young Ju.
The Right Choice for Bitcoin and Cryptocurrencies: Donald Trump!
Sharing from the X account, Ki Young Ju argued that Trump is the right choice for the future of Bitcoin and cryptocurrencies.
Starting by stating that he is not an expert on American politics, Ki Young Ju said that as someone in the cryptocurrency industry, he can easily say who has more shares in the election game.
At this point, the famous CEO addressed cryptocurrency supporters and said that Trump was the right choice for BTC and crypto.
“If you support the future of cryptocurrencies, Donald Trump is the right choice.
He is a businessman. His interest in making money from crypto shows that he takes crypto seriously. He even launched his own coin.
His statements and promises at the Bitcoin Conference appear to reflect both personal and national interests.”
The famous CEO also noted that a Trump presidency could lead to meaningful and positive discussions on crypto regulation, creating rules for Web3 growth, and addressing issues in unregulated markets.
In contrast, Vice President Kamala Harris has shown little interest in cryptocurrencies, according to Ju, raising concerns about potential market declines without proper regulation.
Arguing that Trump’s election would be much better than Harris, who has shown no interest in crypto, Ju said, “Once regulations are in place, large companies will drive the growth of the crypto sector, accelerating Bitcoin adoption and the altcoin season. If Harris wins, the lack of regulation could cause another downturn.”
*This is not investment advice.