In a thrilling turn of events last week, former President Trump made waves in the crypto community by splashing out in Bitcoin to buy burgers for his enthusiastic supporters at a New York hotspot, a cryptocurrency-themed bar. The crowd went wild as he dug into his digital wallet, and in a bold move, he declared his intentions to shake up the financial establishment. If he reclaims the White House, he pledged to show SEC Chairman Gensler the door and usher in a new era of crypto-friendly regulation, promising a stable coin framework that could redefine the industry.
Donald Trump Buys Burger with Bitcoin: Could Barbie Girl ($BBG) Be the Next Big Meme Coin? - Coin Edition
Meanwhile, in a strategic move to capture the hearts and minds of the crypto-savvy, another frontrunner, Harris, has officially thrown her hat into the ring, voicing her support for cryptocurrency investments. At a high-profile fundraising gala at Manhattan's Cipriani Wall Street, she outlined her vision to rally the troops—creators, workers, and entrepreneurs—to collaborate and fuel America's competitive edge and future prosperity. Harris also pledged to champion cutting-edge technologies like artificial intelligence and digital assets, vowing to safeguard consumers and investors alike.
This marks Harris's maiden voyage into the world of crypto, with the community eagerly awaiting to see if her approach will chart a new course compared to the stringent oversight of the Biden administration.
Kamala Harris and her potential Bitcoin impact | Bitcoin Insider
A $Coinbase Global, Inc.(COIN)$ insider took to social media, noting that while Harris's vision may not be as audacious as Trump's, it's a sign that she recognizes the significance of digital assets, placing them alongside AI in her tech-forward agenda. Analysts are abuzz, suggesting that the Biden administration could be the last to stand in the way of crypto's rise to prominence.
As the 2024 U.S. election looms on the horizon, the crypto sphere has emerged as a battleground for the two leading contenders. Their stance on crypto regulation could very well sway the votes of the blockchain brigade. According to Polymarket data, Harris is ahead in the polls in four out of six swing states, with a 50% chance of securing victory this year, while Trump is nipping at her heels with a 48% chance.
Regardless of who takes the reins, it's clear that the concept of BTC and the broader crypto space are poised to capitalize on market demand and serve as a hedge against inflation, setting the stage for an exciting financial revolution.
Good for the below stocks.
The top 10 companies holding the most Bitcoin.
$MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$
$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $Bitcoin Group SE(BTGGF)$ $CleanSpark, Inc.(CLSK)$ and $MicroStrategy(MSTR)$ worth look at.
Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$
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