Mark Cuban backs Kamala Harris, predicts shift in crypto approach

• Polls showed Trump and Harris in a tight race, each at around 50%.
• Cryptocurrency and blockchain are emerging as key voter issues in the 2024 election.

With the U.S. presidential election just a month away, scheduled for the 5th of November, both candidates are intensifying their campaigns.

In this high-stakes race, various prediction polls are being analyzed to gauge potential outcomes.

Who is leading—Harris or Trump?

According to recent data from Polymarket, both Donald Trump and Vice President Kamala Harris are in a tight contest, each with nearly equal support at 50%.

Source: Polymarket

However, after a closer look, it was found that Trump is at 49.5%, while Harris slightly edges ahead at 49.9%, indicating a closely contested election as the candidates gear up for the final stretch.

Source: Polymarket

Initially, Trump held a lead in the polls, but following the first presidential debate, where Harris outperformed him, the dynamics shifted in her favor.

Mark Cuban stands up for Harris

Even Mark Cuban, the famous investor in Shark Tank in his recent interview with Farokh Radio showed his support for Kamala Harris and said, 

“I’m not a Democrat, I’m independent. I am just working with the Harris campaign that’s it. I just think she’s a better candidate.” 

He further added, 

“I just think that he [Trump]’s not a great president”

This coincided with her recent speech to donors at a New York fundraising event on the 22nd of September, where Harris reiterated her commitment to fostering advancements in AI and digital assets if elected president.

Well, this isn’t the first time Cuban has shown his support for Harris.

In a recent interview with Politico, Cuban articulated his belief that Harris could embrace a more business-friendly approach regarding critical issues like cryptocurrency and AI, signaling a transformative direction in her leadership style.

Additionally, in late September, analyst Mathew Sigel also suggested that a Kamala Harris administration could potentially offer more advantages to Bitcoin than a Trump presidency.

Impact on the memecoin market

In the meantime, the memecoin market experienced a positive surge, with the Harris-inspired memecoin, Kamala Horris [KAMA], witnessing a remarkable growth of 20.5% over the past 24 hours.

Similarly, Doland Tremp [TREMP] also enjoyed a notable increase, rising by 28.2% during the same period as per CoinGecko.

Role of crypto in the 2024 election

Thus, as the 2024 U.S. election draws near, blockchain and cryptocurrency are increasingly becoming central issues for voters.

A recent study conducted by Consensys and HarrisX underscored this trend, indicating that crypto could significantly influence voter decisions.

The survey, which included over 1,600 registered voters across the country, revealed that nearly half of those polled prioritize a pro-crypto stance.

Notably, 92% of cryptocurrency owners expressed their intention to vote, highlighting the growing importance of digital assets in the political landscape.