Cash News
Bitcoin (BTC-USD) moved above $65,000 on Monday morning just three weeks ahead of the US presidential election. Is crypto still a pivotal policy issue that could influence voters toward Vice President Kamala Harris or former President Donald Trump in this election?
“So I think that being the vice president of the United States, the second most powerful person in the world, the single greatest thing that Vice President Harris could do to help win the crypto vote is to act, is to do things, stop talking about it, and actually do things,” Professional Capital Management founder and CEO Anthony Pompliano tells Yahoo Finance.
“I do think that there has been this kind of desire to reset relationships. But in my conversations with people, both Republicans and Democrats in the crypto industry, they both are looking for action.”
While Pompliano believes the 2024 election won’t be determined by the crypto community’s votes alone, he tells Seana Smith and Madison Mills that the United States and China’s loosening monetary policies are tailwinds for the crypto space.
Catch Anthony Pompliano talk further why Tesla’s (TSLA) latest autonomous driving products and other automation trends could push the cause for stablecoin adoption further.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Luke Carberry Mogan.