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llm says:

Evaluating the potential benefits for Bitcoin under the presidencies of Kamala Harris or Donald Trump involves analyzing their respective stances on cryptocurrency and the regulatory environments they would likely promote.

### Donald Trump's Position

Donald Trump has shifted to a pro-crypto stance in his current campaign, reflecting a desire to attract the support of the cryptocurrency community. He has pledged to ease regulations surrounding Bitcoin, promising to remove SEC Chairman Gary Gensler, who has been criticized for his stringent regulatory approach. Trump aims to position the U.S. as the "crypto capital of the planet," advocating for increased Bitcoin mining and potentially establishing a strategic reserve of Bitcoin【5†source】【6†source】. Analysts suggest that if Trump wins, Bitcoin could see significant price increases; projections for Bitcoin reaching up to $125,000 have been mentioned【5†source】【7†source】. His policies may also focus on deregulation and a favorable environment for institutional investment, likely making Bitcoin more attractive during his administration【6†source】【7†source】.

### Kamala Harris's Position

Kamala Harris, on the other hand, is likely to continue the regulatory framework established during the Biden administration, which has been seen as cautious toward cryptocurrencies. While she has not taken a firm stance on Bitcoin, her connection to the tech-savvy environment of California suggests a potential for a more balanced approach that does not outright dismiss cryptocurrency【5†source】【6†source】. Harris’s administration might prioritize investor protection and clear regulatory guidelines, but this could limit the rapid growth and speculative investments that cryptocurrencies often attract【6†source】【7†source】.

Recent indications suggest that Harris could advocate for more pro-crypto policies, especially given the Democratic Party's need to connect with the crypto community after prior regulatory crackdowns. However, her administration's overall approach is likely to be more regulated compared to Trump's【6†source】【7†source】.

### Conclusion

In summary, while both candidates might influence Bitcoin positively through macroeconomic factors such as interest rate policies, Trump's aggressive pro-crypto rhetoric and proposed deregulation likely present a more favorable environment for Bitcoin investors compared to Harris’s more cautious and regulatory approach. Therefore, if we assess purely on the basis of how Bitcoin might perform under each administration, Trump appears to be the candidate more beneficial to Bitcoin's growth potential.

### References

1. **FXEmpire**: Overview of Trump and Harris's potential impact on Bitcoin, discussing Trump’s pro-crypto promises and Harris's cautious approach. [Read more here](5).
2. **CoinList**: Detailed analysis of both candidates' stances on cryptocurrency and their potential implications for the market. [Read more here](6).
3. **Politico**: Examination of Trump's crypto policies and Harris's possible direction regarding cryptocurrency regulation. [Read more here](7).
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