Would a Kamala Presidency Really Kill Crypto? You Might Be Surprised

As the Kamala Harris 2024 presidential campaign gains momentum in key battleground states, many predict how her potential presidency could impact the economy and the cryptocurrency market.

Recently, an article from Bitcoin Magazine is going viral, alleging that a Kamala Harris presidency would be better than Donald Trump’s getting elected.

( BTCMag )

The popular indie publication Trust Nodes is making the same case, highlighting the dangers of Trump’s economic policies, which they argue favor the elite and hurt the broader economy.

Hm, are these guys contrarians, or do they genuinely believe Kamala is our girl? Here’s the good, bad, and ugly of a Harris campaign and how it will impact the crypto markets.

Kamala Harris 2024 Presidential Campaign: A Regulatory Tightrope

Let’s start with Bitcoin Magazine, which is proudly waving the Harris flag. They argue that a Kamala presidency might tighten U.S. securities laws, slowing altcoin growth. As a Bitcoin-centric outlet, they’re all for seeing altcoins take a hit, betting on Harris to clarify crypto regulations.

In this setup, Bitcoin, the most decentralized, stands to gain as the lone wolf of digital assets.

So, if you’re a Bitcoin maxi, a Kamala Harris presidency might benefit you more.

( X )

Conversely, a Donald Trump presidency might lead to a more laissez-faire approach, potentially “defanging” the SEC and allowing the altcoin Wild West to continue.

“A Trump victory almost certainly ensures only one outcome for our industry, and that is that the SEC gets defanged, and that means ‘coins beyond Bitcoin’ will get a ‘level playing field.'” – Bitcoin Magazine

So their argument is Kamala = More Regulation.

Trump = Less Regulation.

Bitcoin maximalism aside, the author has a point. How degenerate do you want crypto to be? Should meme coins like Pepe Unchained exist that mint millionaires and erase life savings every day? Can crypto find a way to tidy itself up without government control? It’s

Is the Kamala Harris 2024 Presidential Campaign Better For the Economy?

The publication Trust Nodes argues that the Kamala Harris 2024 Presidential campaign is better for the overall economy.

Here are five factors they list why Kamala is better than Trump:

• Tariffs and Trade Wars: With Trump’s tariffs setting the stage at a hefty $430 billion a year, it’s like slapping a sales tax on everything coming from abroad.
• Sales Tax Impact:  Acting as a stealth regressive sales tax, tariffs will then take a bigger bite out of the wallets of low-income families, who end up spending more on taxed items. This contradicts the narrative that Trump’s economic plans uplift every income level.
• Ballooning Deficit:  Trump’s tax breaks could blow the deficit sky-high, driving borrowing through the roof to the tune of $1.5 trillion annually. They say it would be as bad as [insert scary music] Liz Truss!!
• Favoring the Wealthy: Trump’s tax cuts primarily benefit the wealthiest Americans, with $2 trillion set aside for those earning more than $400,000.
• Undermining Renewable Energy and Infrastructure: Harris’ plan includes investments in clean energy and infrastructure, while Trump’s policies remove grants for important initiatives like solar roofs and electric cars… even though Elon Musk is joined at the hip with Trump.

We at 99Bitcoins can understand Bitcoin Mag’s case for regulation, but this Trust Nodes piece is nonsense pontificating at best.

Tariffs are not a bad thing, as they incentivize Americans to buy more US-made products instead of handing over our money to China. It’s Economics 101. Besides, more tariffs have been collected under Biden, not Trump (as Biden kept the Trump ones in place).

( Tax Foundation )

Additionally, both candidates are going to balloon the deficit; even arguing that any president would be fiscally responsible in 2024 is high school-level Austrian economics.

The author even compares Brexit to U.S., ignoring that one is the reigning superpower wielding the world’s reserve currency. These aren’t even comparable arenas. Trump’s economic game plan has its holes, a fact well-documented by critics, yet it’s evident that many crypto bros dismiss him for the thrill of contradiction or sheer ignorance.

Do your own research and don’t listen to every idiot on the internet, like myself who is writing this piece.

Kamala Harris 2016: The Choice Ahead

( Polymarket )

Is buying low on Kamala Harris a smart investment?

Yes. The unspoken ethos of both of these articles is that the Kamala Harris 2024 presidential campaign is way undervalued relative to the polling, most of which gives her a slim margin. It’s a toss-up by every metric, and betting markets are ripe for manipulation. We expect the Polymarket odds to be closer to 50 by the time elections come around.

If Kamala does lose, it’ll be because the Democrats’ campaign revolves around voting AGAINST Trump rather than voting FOR their own candidate. This means they didn’t have anyone better, and they had a limited vision of how to rule the country.

The visions of China and Russia becoming new superpowers don’t seem so ridiculous anymore; it seems like we could be about to witness the downfall of the U.S. empire.

The crypto industry is at a crossroads, with the election looming like a storm cloud. Harris is waving the banner of regulatory clarity, benefiting Bitcoin, while Trump dangles the allure of a wild, open market where altcoins could stretch their wings and soar. The choice is yours, America. Get out there and vote!

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