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Harris's election prospects soar as the encryption industry becomes a key factor.
The Reasons Behind Harris's Surging Victory Probability in the Prediction Market
Recently, U.S. Democratic presidential candidate Kamala Harris's winning probability on a prediction market reached a historic high of 45%, before slightly dropping to 44%. Meanwhile, Trump's winning probability decreased to 54%, which is a significant decline compared to 71% before Biden's withdrawal in mid-July.
Several key factors lie behind this change. First, over 200 venture capitalists have recently publicly expressed their support for Harris to take over the White House. In a joint letter, they emphasized that without a "strong and trustworthy institution," industries like Silicon Valley will face the risk of collapse.
Secondly, the Harris campaign is actively engaging with the cryptocurrency industry. It is reported that representatives from her campaign team will participate in a roundtable meeting next week to communicate with executives from the crypto industry. The outside world expects that Harris's stance on cryptocurrency may be adjusted, especially after Trump speaks at the Bitcoin conference.
Among the venture capitalists supporting Harris, there are many well-known figures from the cryptocurrency industry. These investors are involved in multiple crypto projects, including well-known exchanges, blockchain development companies, and more. Their support has earned Harris a certain reputation in the crypto space.
Some industry insiders believe that the Harris team is working to establish positive relationships with the crypto industry in preparation for developing a reasonable regulatory framework. However, this shift has also raised some questions. Some politicians point out that Harris's move may be in response to Trump's influence in the crypto space rather than from genuine policy considerations.
Nevertheless, the actions of the Harris team have indeed attracted the attention of the crypto industry. Some industry leaders have begun to engage with the Harris camp to discuss potential collaboration opportunities. This interaction could influence future policy directions and may also bring more support to Harris.
As the U.S. elections approach, whether Harris will publicly express her stance on cryptocurrency will be an important factor impacting the election outcome. Regardless of the result, this event highlights the significance of cryptocurrency on the current political stage and its influence on voters and policymakers.