Cryptocurrency bitcoin is named one of the main tools in the US elections

Bitcoin could become an important factor in the US presidential election, analysts believe. Politicians are actively promoting cryptocurrencies, which may affect the voting results.

After Joe Biden announced his decision not to run in the election, the attention of the crypto community shifted to Vice President Kamala Harris. On the Polymarket crypto platform, the probability of her victory increased to 29%, while that of Donald Trump dropped to 62%.

The activity on the betting platform has increased significantly, reflecting the general interest in cryptocurrencies during the election. The Kamala Horris (KAMA) memecoin grew in value 10 times, while the MAGA (TRUMP) token fell by 20%.

The interest of politicians in cryptocurrencies may be caused by a large number of voters who follow the crypto market. Ark Investment Management founder Katie Wood and Coinbase ex-CEO Balaji Srinivasan supported the idea of the importance of cryptocurrencies in the election process.

Kamala Harris' team is known to be interested in the Bitcoin 2024 conference. Bitcoin Magazine CEO David Bailey reported on negotiations with Harris' campaign headquarters regarding her speech at the event.

Donald Trump is also planning to attend the conference, where he may announce the use of bitcoin as national reserves. This could have a significant impact on the cryptocurrency market and draw even more attention to the election.

Ethereum founder Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin warned about the risks of choosing candidates only for their position on cryptocurrencies. He emphasized that such decisions may contradict the values that brought people to the crypto space.