Paul Grahamfounder of Viaweb and Y Combinator, believes so Kamala Harris lost the US elections because he didn’t pay attention to cryptocurrency investors.
Although she was invited to participate in conferences, such as Bitcoin 2024, the current US Vice President declined such invitations and preferred not to pay attention to this audience.
That was only in September, when Trump was already strongly favored by these investors Harris spoke about cryptocurrencies for the first timewhere incentives for the industry are mentioned, but with a safe environment and clear and consistent rules.
A pioneering internet programmer believes this departure cost Harris the election
May data shows that 53 million Americans are investing in cryptocurrencies, a significant number that could shape the US election. According to Paul Graham, it was these voters who elected Donald Trump and removed Kamala Harris from the White House.
“One of the Democrats’ biggest mistakes was opposing Elon. He did more for the earth – and for electric cars – than any other person.”said Andrew Yang, who has run for president of the US in the past.
“Their biggest mistake was antagonizing the entire crypto community. And that was completely unnecessary; There was no other group they tried to win over in this way.”replied Paul Graham.
In other words, in addition to not gaining votes from investors, this harsh stance towards the crypto sector also failed to attract the attention of those who do not invest, unlike what happens with other topics.
Their biggest mistake was antagonizing the entire crypto community. And this was completely unnecessary; there was no other constituency they were trying to win points with by doing it.
— Paul Graham (@paulg) November 6, 2024
Afterwards, even Changpeng Zhao, founder of Binance, expressed his opinion on the matter.
“It could be due to a small but fatal habit of not reading the comments under your own posts on X. Always be with the community”CZ noted, implying that many voters demanded the candidate on social media but were ignored.
According to data from the website 270towin, Trump won in 312 electoral colleges compared to 226 where Harris had an advantage. To guarantee victory, it was necessary to have more than 270 votes.
Trump’s promises to the crypto sector include greater regulatory clarity, expanding the creation of energy that powers miners, blocking the creation of a CBDC and firing Gary Gensler, the current president of the SEC.
In any case, the long-awaited proposal was presented by Senator Cynthia Lummis, who wants it the US is buying about 1 million bitcoins to keep in its treasuryjust like they do with tons of gold.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
