A famous crypto found now sends a warning if Harris is elected, calling it the ‘death of [the] American cryptocurrency industry’.
Charles Hoskinson, the founder of the cryptocurrency Cardano (ADA), believes that a victory by Democratic nominee Kamala Harris in the November 2024 US presidential election would be bad news for the country.
Hoskinson expressed his concerns on the social media platform X, stating that he fears a Harris presidency could be devastating for the crypto industry in the United States.
In Hoskinson’s opinion, a victory by former president Donald Trump would be better for the crypto industry compared to a Harris presidency.
He seems to believe a Trump administration would be more favorable towards the crypto sector in the US.
“It’s clear that if Trump wins, Kennedy will be part of his administration, we will get justice for the egregious covid policy, and the United States will be pro crypto.
I truly hope we get to see that day.”
What will happen to crypto if Kamala Harris is elected?
The alternative is a bleak and dystopian America with state sponsored censorship, mega corporations running all US policy, the death of the American cryptocurrency industry, and endless wars,” says Hoskinson.
The Cardano founder did not provide detailed reasons or evidence to support his assertion that a Harris presidency would be detrimental to the crypto industry.
His statement appears to be his personal political opinion on the potential impacts of the 2024 election outcome on the crypto ecosystem in the United States.
“We must all fight for the future and embrace every advantage we can find.
The world is at a crossroads like it was in the 20th century between the darkness of totalitarianism and those who believe in freedom.
This decade will decide where humanity goes.
I’ve made my decision, and if Trump is elected, I’ll work hard with the administration to help heal America.
If Harris is elected, we’ll do our best to survive and thrive as we will all be excluded from any meaningful voice.
One election can not break us as long as we keep the fires of liberty in our hearts.“
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Also Read: Analyst Now Says A Massive Bitcoin Short Squeeze is Coming
Other Crypto News Today
75% of Bitcoin (BTC) has now been held for more than 6 months according to fresh on-chain data that has been released.
A recent analysis of Bitcoin’s blockchain activity reveals that a significant portion of the cryptocurrency, roughly three-quarters, has remained untouched for at least six months.
This data, gathered by the blockchain analytics platform Glassnode, indicates that a large amount of Bitcoin is being held long-term, suggesting a strong belief in the asset’s future value.
This trend is particularly noteworthy given the recent price decline of Bitcoin, which has fallen by 21% from its all-time high.
Just a week ago, only about 45% of Bitcoin was inactive for at least six months, showing a rapid increase in long-term holding.
This suggests that despite recent price fluctuations, many Bitcoin holders remain confident in the asset’s long-term potential.
The fact that a large portion of Bitcoin hasn’t moved in months suggests that many investors are treating it as a long-term investment, holding onto it with the expectation that its value will rise in the future.
This “hodling” behavior also has the effect of reducing the amount of Bitcoin available for trading.
With less Bitcoin available and demand remaining high, the price of Bitcoin could potentially increase.
Experts had recently touched on Bitcoin’s major drop, but the cryptocurrency has now recovered since it’s monthly lower levels.
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Also Read: Here Is What Experts Are Now Saying About Bitcoin’s Plunge
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