As a seasoned cryptocurrency investor with a keen eye for political trends, I find myself intrigued by the latest moves of the 2024 U.S. presidential candidates. Kamala Harris’s new policy proposal aimed at boosting opportunities for Black men and embracing crypto is an interesting strategy indeed.
In the intensifying 2024 U.S. presidential campaign, contenders seek the decisive action – the one potentially swinging the election their way. Stepping into the spotlight is Kamala Harris, a U.S. presidential candidate and current Vice President, who has presented a fresh policy plan aimed at garnering support from African American men.
This nine-page policy proposal, published on his website, aimed at boosting career opportunities, offering forgivable small business loans, legalizing recreational marijuana, and promising regulatory protections for crypto holders, with over 20% of Black Americans involved in cryptocurrency.
This action is a response to the apprehension voiced by Harris and fellow Democrats, including ex-President Obama, regarding the likelihood of significant Black voter turnout on November 5th and their potential preference between Harris and her competitor, Donald Trump.
Based on a poll by The New York Times and Siena College, it’s predicted that about 3 out of every 4 Black voters are intending to cast their ballots for Kamala Harris. This percentage is lower than the 90% who supported Joe Biden in the 2020 election and the 92% who backed Hillary Clinton in 2016.
Approximately 70% of Black men are intending to cast their votes for Harris, whereas about 20% are leaning towards Donald Trump. On the other hand, an impressive 83% of Black women express their support for Harris, with only 12% favoring Trump. This data reveals a compelling narrative behind Harris’s introduction of this new policy: it aims to attract and secure the backing of Black men.
Harris’s Race Card and the Cryptocurrency Play
Kamala Harris’s new set of economic proposals seems crafted to win back slipping support from Black men, and central to this is her focus on crypto. After months of dodging the subject of crypto Harrish embraced crypto in his new policy proposal and do you know why?
According to the Moneymize data, approximately 21% of Black adults have used crypto, compared to 14% of White adults in the United States. The data clearly shows that black consumers are more likely to use cryptocurrency than white consumers. Moreover, the data also shows that 24% of Asian adults and 21% of Hispanic adults use crypto which is also higher than white adults.
You may find yourself wondering, “What’s the fascination with crypto among Black Americans?” It’s not merely about the prospect of substantial profits. For a significant number within the Black community, cryptocurrencies symbolize something greater – they perceive cryptocurrencies as a potential means for economic self-determination.
Harris has grasped the situation and is taking advantage of it. By representing herself as a champion for Black cryptocurrency users, she’s resonating with a growing group of investors who see cryptocurrencies as a means to accumulate wealth.
Expectation vs Reality: Social Media Backlash on Harris Policy
Harris encountered an unexpected reaction from her plan regarding opportunities, which some label as a last-ditch effort.
One user named Jordan Golsan posted on X platform, saying, “This is the most racially biased thing I’ve ever encountered. If this were a Donald Trump plan, it would be: Harris’s strategy to appeal to the black male vote – Small business loans, apprenticeships, loan forgiveness, more African American male educators, legal marijuana.
A YouTuber named as Black Authority wrote to his 131K X followers –
Could you kindly avoid being swayed by Kamala Harris’s late, seemingly desperate attempt to lure “a million Black men” with the promise of $20,000 for entrepreneurial ventures. It might appear as a deceptive ploy.
Essentially, Elodie Ivala stated that Harris implies all black men are impoverished, unwell, unschooled, aimless stoners who cannot handle finances, which is incredibly racist. Moreover, she suggested that Harris is offering bribes to voters based on their race.
It appears that both Polymarket’s betting activity and social media indicators suggest a significant rise (approximately 17.5%) in support for former President Donald Trump compared to Kamala Harris in the 2024 presidential election race, with Trump seemingly gaining unexpected momentum.
Conclusion
As the 2024 U.S. Presidential Elections approach, candidates are actively seeking to win over more and more supporters from various demographics, including crypto enthusiasts in America. Trump, in collaboration with Elon Musk, is trying to attract tech-savvy voters, while Harris has unveiled a fresh policy targeted at the African American community.
Currently, the election is primarily about the contest between Vice President Kamala Harris (Democratic nominee) and Donald Trump (Republican nominee), the former president. Yet, it seems that the momentum might be swinging towards Trump, as Harris appears to be losing voter backing in recent developments.
At this moment, it’s premature to make any statements as the unpredictable nature of both cryptocurrencies and politics means things can change rapidly.
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2024-10-15 20:04