While the counting of the 2024 American presidential elections is still underway, which currently sees Trump ahead of his challenger Harris, the ABCnews exit poll explains one of the reasons for the voting trend. According to the broadcaster, in fact, 45% of Americans who voted expressed discontent with their economic situation, stating that it has worsened under the current Democratic administration.
For Abcnews this is one of the highest percentages of discontent with the economy recorded in recent elections, higher than the 42% recorded in 2008 when voting was in the midst of the “Great Recession”.
Furthermore, 72% of voters said they were not satisfied, if not even angry, with the direction in which the country is going, while just 26% said they were satisfied or enthusiastic. At the same time, the poll records 73% of voters who believe that democracy is threatened.
Trump effect on bitcoin: the queen of cryptocurrencies flies
Meanwhile, Bitcoin is flying under the pressure of the results coming from the United States. The queen of cryptocurrencies which has exceeded the threshold of 75 thousand dollars driven by the prospect of regulatory easing in the event of Donald Trump’s victory currently stands at 74,479 dollars, up 9% in the last 24 hours. After surpassing the latest all-time high in March at $73,797.98, Bitcoin rose to $75,005 at around 03.08 GMT. It subsequently fell, remaining significantly above 74 thousand dollars.
During the election campaign, the former president pledged to make the United States “the bitcoin and cryptocurrency capital of the world”, with an extremely favorable regulatory framework, in contrast to the Biden administration, which favored strict regulation of the sector.
“The price of bitcoin closely follows Trump’s position in the polls, because for investors a Republican victory would lead to an increase in demand for the digital currency,” noted Russ Mold, an analyst at Aj Bell before the election.
Presenting himself as the champion of cryptocurrencies, the tycoon takes the opposite position to the Biden government, considered in favor of strict regulation of the sector, even if the Democrat Kamala Harris has tried to make promises to reassure cryptocurrency holders. “Trump’s return to power would likely place an emphasis on deregulation, tax incentives and economic policies favorable to alternative investments, such as bitcoin,” estimates Nigel Green, of deVere. The analyst also notes that the previous Republican term “was characterized by significant corporate tax cuts, which injected additional liquidity into markets, thus promoting investment in high-growth assets.”
“His administration could reverse some Biden-era regulatory tightening measures and create initiatives such as a strategic national bitcoin stockpile,” promoting investment and innovation, adds John Plassard, an analyst at Mirabaud. As a demonstration of his enthusiasm, Donald Trump announced with great fanfare the creation of his own platform dedicated to digital currencies: called World Liberty Financial, the latter was launched in October without too much fanfare. It offers services based on the so-called decentralized finance, a mechanism that allows transactions to no longer go through an intermediary such as a bank.
