Blockchain
Did Kamala Harris Really Criticize Bitcoin? Here’s the Truth!
“Bitcoin is the currency of criminals” – this quote, supposedly from Kamala Harris, has been trending on Twitter for a few hours. Thousands of tweets criticize Harris. The question is: did she really say this about Bitcoin?
We are committed to giving you the whole truth. Dive right in.
The source of the controversy
The ruckus started with a tweet from David Bailey, CEO of Bitcoin Magazine and organizer of the event Bitcoin ConferenceBailey’s tweet came after it was confirmed that Harris would not be attending the Bitcoin Conference in Nashville. He wrote:
“Sorry, but you can’t just screw our industry over for 4 years, push Operation Choke Point, enlist Gensler and Warren as your champions, and then pretend to be cool with Bitcoin. A major Democratic donor told me Kamala privately says “Bitcoin is money for criminals.”
Bailey did not reveal the identity of the person who allegedly made the statement, and no verified source has corroborated it. Some believe Bailey’s tweet was a reaction to Harris’s failure to attend the conference, expressing her frustration.
Democrats and Cryptocurrencies: What’s the Status?
Most Democratic candidates are well-informed about the cryptocurrency industry and have commented on it. Kamala Harris and Michelle Obama, however, have remained silent on the topic. In contrast, candidates such as Gavin Newsom, JB Pritzker, and Pete Buttigieg have been vocal in their support for Bitcoin.
As the quote gained traction on Twitter, many large accounts began sharing it without verifying the facts. This trend added to the already bearish market conditions for Bitcoin, causing its price to drop by 1.20%. Bitcoin, currently trading at $65,678, had briefly risen to $67,000 before falling back to its previous support zone.
The market reacts
With this quote going viral, traders are speculating on The price of Bitcoin movement. The market is waiting for a response from the Democratic Party or Kamala Harris herself to clarify the situation. Regardless of the outcome, the truth behind this statement will likely emerge soon.
Do you think Kamala Harris really made these comments about Bitcoin? We want to hear from you.