- Trump leads Saylor’s Bitcoin poll with 91% of 61,238 votes, reflecting strong support.
- CoinShares reports digital asset inflows of $407 million, driven by a potential Republican victory.
With just a week to go until the highly anticipated 2024 US presidential election, the competition between the two leading candidates has intensified. Needless to say, this year’s elections have a clear focus on cryptocurrency. This has attracted increasing attention from key figures within the crypto industry.
Michael Saylor causes controversy
MicroStrategy founder Michael Saylor joined the fray and asked a critical question: who between Donald Trump and Kamala Harris would be more favorable to Bitcoin [BTC]?
In his recent X-post, Saylor created a survey asking:
Source: Michael Saylor/X
On October 27, with 18 hours to go in the poll, Trump was in the lead with 91% of the total 61,238 votes. Additionally, the comments section also reflected a stronger preference for Trump over Harris.
What’s behind Saylor’s new political move?
Saylor’s recent comments had caused a lot of speculation within the crypto community. For those unaware, he recently encouraged Bitcoin holders to put their trust in large, “too big to fail” financial institutions, arguing that these were better suited to managing substantial BTC assets.
However, he quickly reversed this position and advocated that both individuals and institutions be given full autonomy in deciding how to store and manage their BTC holdings.
This shift led to speculation that his reputation could take a hit. This led some to see the poll as Saylor’s attempt to rehabilitate his image as a staunch Bitcoin proponent.
Polymarket vs National Polls
In the midst of the political race, Polymarket trends show Donald Trump in the lead with 66.3% of the vote, while Kamala Harris trails with 33.8%.
Source: Polymarkt
Despite this wide margin in the Polymarket forecasts, national polls provide a much better picture.
According to studies by the New York Times and CNN, both Harris and Trump were engaged in a close battle. The former had 48% of the votes, the latter 47%. This stark contrast highlighted the unpredictability of the race and the differing perspectives of different polling stations.
Trump vs. Harris
As expected, a recent report from CoinShares highlighted a notable increase in digital asset inflows, which reached $407 million, largely driven by investor optimism surrounding a potential Republican victory..
Meanwhile, Kamala Harris was not left alone as she too received support from notable figures such as Chris Larsen, the co-founder and executive chairman of Ripple. However, when it came to memecoins inspired by these political candidates, a stark difference was apparent.
Read Bitcoin’s [BTC] Price forecast 2024–2025
The Trump-inspired memecoin, MAGA TRUMProse 13.4% in the past 24 hours as the Kamala Harris-themed token [KAMA]experienced a decline of 4.6%.
Amid this intensifying election battle, Bitcoin also turned bullish. The King Coin claimed $68,395.01, marking a 2.01% increase over the past day CoinMarketCap.