I'd trade $MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ $Riot Blockchain, Inc.(RIOT)$
With uncertainty going on in the election space at the moment, Bitcoin in particular, may be undergoing some pressure. However, this pressure is only short term and in the long run, BTC would seek new highs, especially towards the end of 2024.
✌️President Joe Biden announced on Sunday that he would not be seeking reelection in the upcoming 2024 presidential election and endorsed Harris to replace him as the Democratic Party's nominee. Democrats are set to select a presidential nominee at the Democratic National Convention next month in Chicago.
✌️ The Digital Chamber asked Harris specifically to pick a vice president who has 'a proven track record of engaging with digital asset technology and proposing pro-innovation policies', singling out Colorado Gov. Jared Polis as an example. Polis has taken a friendly approach to crypto. He accepted campaign contributions in crypto and during his time as governor allowed for tax payments to be made in crypto, according to multiple news reports.
✌️Harris has had an extensive political career in tech-focused San Francisco, though has not taken a firm stance on crypto. So she isn't specifically against Crypto, just netural, I'd say 😉
✌️ The Chamber also asked the vice president to include 'pro-digital asset language' in the Democratic party's platform, as well as have open discussions with crypto industry leaders. "We believe this previous hostility (towards transformative technologies does not reflect the progressive and inclusive values of your Party. We are hopeful that with your leadership, the Democratic Party can pivot towards a more supportive stance on digital assets, aligning with the aspirations of millions of Americans who believe in the transformative power of this technology," the Chamber said.
✌️ As much as Crypto should be apolitical, Crypto has quickly become part of the election season landscape. The Republican Party led by Donald Trump, expressed support for crypto firms and investors in its platform for the 2024 elections, including vowing to end an 'unlawful and un-American crackdown' on the U.S. crypto industry.
Though Democratic nomination has not been finalised, Kamala Harris, with the backing of Joe Biden and his aides, would likely clinch the nomination to come face to face with Donald Trump. And it is only common sensical that Harris soften her tone on Crypto to attract younger voters and crypto fans. Either way, it is likely going to be a win-win situation for BTC afterall.
Even if neither of them wins and assuming a third person comes into the picture, BTC will eventually hit new highs. BTC has a moat of supporters and backing, period. It's market cap of 1-2 Trillion is impossible to eradicate and with all the spot ETFs going on, it's popularity, acceptance and usage will only continue going North 🥳🥳🔥🚀
😎😎 So stay calm and chill! 😎😎
For those who bought into these stocks or trading these counters, HODL it out and ride the waves! In light of the upcoming Crypto convention and Trump speaking at the event, BTC may just get a surprise boost.
🙌🫶 Cheers!! 🫶🙌
@TigerStars @Tiger_comments @Daily_Discussion @MillionaireTiger
Modify on 2024-07-24 19:51
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