David Edwards
Bitcoin’s price remains buoyant as Vice President Kamala Harris emphasized the critical need for U.S. leadership in blockchain and other advanced technologies, including artificial intelligence, during a speech on September 25. Harris underscored the importance of innovation and consumer protection to outpace global competitors like China. Her remarks mark one of the first times she has addressed digital assets, sparking debate over how a potential Harris presidency could influence Bitcoin (BTC) and the broader cryptocurrency market.
While Harris has only recently entered discussions around blockchain and crypto, opinions vary on how her leadership could shape Bitcoin’s future. Some analysts project BTC could drop to $30,000, while others foresee her approach accelerating adoption. Conversely, if Donald Trump wins the 2024 election, his pro-crypto stance could drive Bitcoin prices to as high as $90,000.
Additionally, experts suggest that regardless of the election outcome, mounting national debt and budget deficits may create a more favorable environment for Bitcoin’s growth, potentially driving increased demand for the asset.
Beyond the U.S., the global cryptocurrency landscape is shifting rapidly. Saudi Arabia leads the Middle East and North Africa (MENA) region in crypto growth for the second year, reporting a 154% surge in market activity, driven by decentralized finance (DeFi) platforms and a tech-savvy, youthful population—63% of Saudis are under 30. Meanwhile, Qatar plans to introduce new digital asset regulations in 2024, signaling the region’s growing interest in blockchain technologies. Institutional investments are on the rise, contributing to the increasing demand for Bitcoin.
