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Trump or Biden? Why Crypto Could Decide the Next US President
The post Trump or Biden? Why Crypto Could Decide the Next US President appeared on BitcoinEthereumNews.com. About the Author Tor Constantino is a former journalist, investor relations/corporate consultant, and business writer. Since 2017, he has also written about cryptocurrencies, blockchain, Web3, DeFi, NFTs, and crypto’s potential to revolutionize finance. The views expressed here are his own and do not necessarily represent those of Decrypt. With 144 days left until the November 5 election to decide the next president of the United States, the most recent data from the polling prognosticators over at ABC News’ 538 report a statistical dead heat. However, their new electoral college modeling predicts that Democratic incumbent Joe Biden wins 53 out of 100 simulations, while presumptive Republican challenger Donald Trump wins the remaining 47 computerized scenarios—results that are well within the margin of error. With both party bases well galvanized and the margins so tight, it will likely come down to small issues that tip the balance one way or the other. The upcoming debate between the two candidates on June 27 could be a pivotal factor if one of them happens to have a particularly good or bad performance. A key issue for those of us in the crypto community to watch is… well, crypto. A recent Harris Interactive poll, sponsored by Grayscale, suggests that in 2024 neither political party can afford to ignore the importance of cryptocurrency policy and Bitcoin itself—because voters now care about it. Possible reasons voters care include the fact that 11 exchange-traded funds were approved by the SEC in January, making it easier for people with pensions, 401(k) plans, and other institutional investments to get a stake in Bitcoin. That preceded Bitcoin hitting a new all-time high price of $73,797 in March, gaining more attention after wicking below $16,000 per coin in November 2022. Those factors set the context for some key findings from the Harris…
The post Trump or Biden? Why Crypto Could Decide the Next US President appeared on BitcoinEthereumNews.com.
About the Author Tor Constantino is a former journalist, investor relations/corporate consultant, and business writer. Since 2017, he has also written about cryptocurrencies, blockchain, Web3, DeFi, NFTs, and crypto’s potential to revolutionize finance. The views expressed here are his own and do not necessarily represent those of Decrypt. With 144 days left until the November 5 election to decide the next president of the United States, the most recent data from the polling prognosticators over at ABC News’ 538 report a statistical dead heat. However, their new electoral college modeling predicts that Democratic incumbent Joe Biden wins 53 out of 100 simulations, while presumptive Republican challenger Donald Trump wins the remaining 47 computerized scenarios—results that are well within the margin of error. With both party bases well galvanized and the margins so tight, it will likely come down to small issues that tip the balance one way or the other. The upcoming debate between the two candidates on June 27 could be a pivotal factor if one of them happens to have a particularly good or bad performance. A key issue for those of us in the crypto community to watch is… well, crypto. A recent Harris Interactive poll, sponsored by Grayscale, suggests that in 2024 neither political party can afford to ignore the importance of cryptocurrency policy and Bitcoin itself—because voters now care about it. Possible reasons voters care include the fact that 11 exchange-traded funds were approved by the SEC in January, making it easier for people with pensions, 401(k) plans, and other institutional investments to get a stake in Bitcoin. That preceded Bitcoin hitting a new all-time high price of $73,797 in March, gaining more attention after wicking below $16,000 per coin in November 2022. Those factors set the context for some key findings from the Harris…
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