For over a year, we have been discussing the significant effects of the November 2024 elections on cryptocurrencies, and it is happening. Presidential candidates taking positions in favor of cryptocurrencies and Trump making much more supportive statements have increased political interest in crypto. Even the sudden decision by the SEC to approve the Ethereum ETF was linked to this change.
Trump and Cryptocurrencies
Trump, who has made embracing statements for cryptocurrencies and taken a stance against CBDCs by listening to the majority of the public, is finding the support he expected. Biden also softened his stance following Trump’s crypto donations and pro-crypto rhetoric. A significant portion of young voters in the US have cryptocurrency investments. Moreover, a recent survey by Coinbase suggests that these investors‘ voting preferences will change based on the presidential candidate’s stance on crypto.
It is already clear that competition will heat up in many states, and in these regions, where every vote is crucial, opposing crypto will not bring votes. Therefore, as we approach the November 2024 elections, we may see candidates embracing cryptocurrencies even more and coming forward with more promises in this area.
Attack on Trump and Bitcoin
One of the biggest events of the last few hours is the assassination attempt on Biden’s rival, former President Donald Trump. The former President, who positions himself as pro-crypto, was shot in his right ear during a rally in Pennsylvania. A bloody photo of Trump, who was declared to be in good condition, quickly circulated on social media.
According to PredictIt data, Trump’s chances of becoming President again have increased further after this attack. The name, who is facing serious legal battles, cannot be prevented from becoming a Presidential Candidate. Moreover, the social media ban he faced had long dominated his supporters.
Aware of declaring an early victory after the attack, Trump raised his fist above his head and took a historic pose with his right ear covered in blood. This pose gained significant attention on social media. Current President Biden expressed his relief that Trump was not more seriously harmed in the attack and condemned the violence.
In the heated election environment, Trump, who is pro-crypto, gained a significant advantage, causing the BTC price to exceed $60,000 again.
