Did Kamala Harris Just Slam Bitcoin? Here’s the Truth
Zafar Naik25 Jul 20242 min read
“Bitcoin is the money of criminals” – this quote, allegedly from Kamala Harris, has been trending on Twitter for the past few hours. Thousands of tweets are criticizing Harris. The question is, did she really say this about Bitcoin?
We vow to give you the whole truth. Dive right in.
The Source of the Controversy
The uproar began with a tweet from David Bailey, CEO of Bitcoin Magazine and organizer of the Bitcoin Conference. Bailey’s tweet came after it was confirmed that Harris would not be attending the Bitcoin Conference in Nashville. He wrote:
“I’m sorry, but you don’t get to just screw our industry over for 4 years, push operation choke point, enlist Gensler and Warren as your Champions, and then just pretend you’re hip with Bitcoin. Major democrat donor told me Kamala says privately “Bitcoin is money for criminals”
Bailey did not reveal the identity of the person who reportedly made this statement, and no verified source has validated it. Some believe Bailey’s tweet was a reaction to Harris not attending the conference, expressing his frustration.
Democrats and Cryptocurrency: What’s the Status?
Most Democrat candidates are well-informed about the cryptocurrency industry and have commented on it. Kamala Harris and Michelle Obama, however, have remained silent on the subject. In contrast, candidates like Gavin Newsom, J.B. Pritzker, and Pete Buttigieg have been vocal about their support for Bitcoin.
As the quote gained traction on Twitter, many large accounts started sharing it without verifying the facts. This trend added to Bitcoin’s already bearish market condition, 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 Bitcoin’s price movement. The market awaits 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 believe Kamala Harris actually made these comments about Bitcoin? We want to hear from you.
