Has Bitcoin been abandoned? What did Trump and Musk discuss about Space? Is Harris's rise to power good or bad for cryptocurrency?

One month ago, Trump's fearless display of the "world-famous painting" with an iron fist halted discussions about the next presidential candidate from the big beautiful family. The crypto community and voting platforms are quietly waiting for the next crypto president to take office, and if nothing unexpected happens, something unexpected will definitely occur: the old debate champion has been replaced, and the young and vibrant second debater Harris has grabbed the microphone!

Harris, the vice president, is not simple. In her left hand, she holds the "strong card" of prestigious education and rich political experience, while in her right hand, she wields "supporting cards" such as feminism, Black rights, non-immigrant issues, LGBT rights, and white liberalism. In the American political arena, she is known as the "political correctness trump card" and is referred to as the "Wendi Deng of politics."

As a walking embodiment of political correctness, Harris has a broad and steadfast voter base. For example, during her time as Attorney General of California, she introduced the "47th bill," which allowed young Black individuals to purchase homes for $950 with no down payment, in consideration of the interests of young Black people in the context of the "Black Lives Matter" movement. This positioned her on a moral high ground in national politics and among Black supporters, which is far more cohesive and supported than the crypto monkeys who scatter when there’s a profit to be made. Currently, on Polymarket, Trump's probability of winning has dropped to 46%, while Harris has surpassed him, rising to 52%. It’s worth noting that on the day of the attack, Trump's approval rating was as high as 72%, leading by a wide margin.

As her popularity rises, Trump announced at the 2024 Bitcoin Conference that the U.S. would become a Bitcoin superpower and a crypto president. Not long ago, he held a Twitter Space with global tech idol Elon Musk, attracting over 1.3 million online listeners. After all, the conversation between Musk, the crypto Dogecoin $doge guru, and future crypto president Trump is highly anticipated.

However, their connection faced disruptions from troublemakers, with a large-scale DDoS attack delaying the connection by over 45 minutes, as some did not want Trump to engage too much with the public. This temporary interruption did not hinder the live broadcast, but in the subsequent interview between Musk and Trump, there was no mention of Bitcoin or other crypto-related topics. Instead, they discussed Trump’s assassination attempt, illegal immigration, Biden’s withdrawal from the election, Harris’s refusal to be interviewed, plans to abolish the Department of Education, criticism of the California governor, electric vehicle policies, and more. Will Trump abandon the crypto community that has supported him in the upcoming election?

During 2024, Trump took several measures to gain the support of the cryptocurrency community as part of his presidential campaign. As early as May, he began accepting cryptocurrency donations, marking a shift in his previously skeptical stance. In June, he specifically supported Bitcoin miners, expressing a desire for the remaining Bitcoin to be mined within the U.S. Finally, Trump was the main guest at the Bitcoin conference held in Nashville at the end of July, further solidifying his appeal to cryptocurrency voters.

Meanwhile, Harris is collaborating with two former economic advisors to the Biden administration, Brian Deese and Bharat Ramamurti, who strongly opposed the previous 2023 Stablecoin Payment Act, arguing that the bill was too lenient on issuers. Harris's choice of economic advisors may indicate her intention to continue the Biden administration's hostile regulatory approach toward cryptocurrencies.

Harris is preparing to announce her economic policy agenda in a speech in mid-August, which may provide investors with more clues about her stance on cryptocurrency regulation. If Brian Deese, Bharat Ramamurti, Wally Adeyamo, and others lead economic policy in a Harris/Walz administration, it is unlikely that the government will soften its stance on cryptocurrencies.

However, who can predict the future? Just like Trump opposed Bitcoin and crypto investments during his presidency, but later supported Bitcoin and other cryptocurrencies after "embracing advanced guidance," if the broader use of Bitcoin and other crypto finance boosts economic vitality, improves infrastructure, and creates new jobs, who would oppose the positive contribution of crypto to the overall recovery of the U.S. economy, regardless of who is in charge?