The 2024 United States presidential election is right around the corner, and its outcome could significantly impact the future of cryptocurrency.

With Kamala Harris and Donald Trump running neck and neck, the crypto community is watching closely.

Analysts say a Trump victory could immediately catapult Bitcoin BTC tickers down $67,103 to new all-time highs, thanks to his promises of removing Securities and Exchange Commission (SEC) Chair Gary Gensler and supporting Bitcoin mining in the country. Trump has embraced the industry, even accepting crypto donations for his campaign and launching his own decentralized finance platform.

On the other hand, Harris’s stance on digital assets is less clear, with many expecting her to continue the Biden administration’s tougher approach to regulation. However, some believe Harris could evolve and take a more crypto-friendly path, especially given her connections to the tech world in California.