BlackRock CEO Larry Fink said that it doesn’t really matter for bitcoin who takes over the White House in less than a month.
Who will win the game of thrones?
First, let’s look at the polls. Former US President Donald Trump’s lead over Vice President Kamala Harris is growing. There are more and more indications that he will win the fight for the White House. Although, it must be added, the last month of the campaign in the US can be a time when a lot can change: politicians then deal fatal blows to their competitors, detonating previously hidden scandals. Some believe that it was the last four weeks of the campaign that resulted in Trump winning in 2015.
If we believe the data from the Polymarket bookmaker platform, the Republican has an advantage over the Democrat of over 10%. Of course, it is about “evaluating” the probability of success in the elections.
Trump is generally seen as a more friendly candidate to innovation in the cryptocurrency market. In the eyes of many, Harris will continue the current administration’s policies, which could mean further SEC attacks on companies in the industry.
Larry Fink doesn’t pay much attention to the US elections?
Investors speculate that Trump’s victory means a further boom, and Harris may disrupt the market development (although it is doubtful that she will suppress the growth in the long term).
What do the investing giants say? According to Larry Fink, CEO of BlackRock, Bitcoin as a broader project is already above politicians and in this respect, no one should care whether a Republican or a Democrat becomes president.
During BlackRock’s conference call regarding the company’s third quarter 2024 financial results, Fink said:
I’m not sure the president or another candidate will make any difference. I believe that the use of digital assets will become a reality around the world.
And indeed, technology adoption can no longer be easily stopped. In addition, it is often forgotten that it was during Biden’s term of office that BTC and ETH ETFs were created in the US, which suggests that Democrats are not as terrible as they are painted.
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