Blame Kamala? 😐

Recent polling shifts away from Donald Trump are seen as one reason Bitcoin prices are faltering.

Author

Ryan Ozawa
August 12, 2024

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📝 What you need to know

Inflation and interest rates, unemployment figures, and the yen carry trade. There are a lot of reasons the price of Bitcoin has lagged, currently trading below $60,000. But analysts at Alliance Bernstein say the recent rising prospects of Vice President Kamala Harris’ presidential campaign are a substantial factor.

Meanwhile, Democratic voters should not be counted out in the upcoming elections—at least those who hold digital assets, according to a new poll. Some are “up for grabs” as Republicans make a stronger case for crypto.

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💬 Quote of the Day

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“Our interpretation of current market sentiment is that a Trump win is bullish and Harris win is bearish.”

—Bernstein

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