BTC bet $700K lost on Kamala Harris to win this viral stream

TL; DR

Popular Canadian online streamer Harris missed out on nearly $1 million in BTC profits after betting to become president.
Trump's victory ignites a crypto rally, with Bitcoin hitting a new high of over $75,000.

Betting on the wrong horse?

The United States presidential election is undoubtedly among the hottest topics this year. The latest results show the nation's 47th president, Republican Donald Trump, scoring decisive victories in swing states such as Pennsylvania, Georgia and North Carolina.

His victory has led to a resurgence of the cryptocurrency market. Hence, it is enjoyed by many property backers and investors.

However, it is not useful for everyone. of Famous Felix Lengyel, a Canadian online streamer known as xQc, revealed that Harris had bet $700,000 in Bitcoin (BTC). A victory for the Democratic candidate would have resulted in a huge gain of nearly $1 million in the major cryptocurrency.

This better hit LMFAO, the odds were so good I had to do it. Don't get it wrong: don't be mad I can't even vote Canadian pic.twitter.com/X2tECDEU8M

— xQc (@xQc) November 4, 2024

Most of them of the X users commenting on the website described the bet as unreasonable given Trump's odds of winning. One went further, Arguing That xQc should have donated the money to charity instead of “burning” it by putting it on Harris.

The market response

As mentioned above, several leading cryptocurrencies headed north after reports emerged indicating that Trump's election victory was only a matter of time.

Bitcoin (BTC) surged to a new ATH above $75,000 before settling slightly closer to the current $74,000 (per CoinGecko data). Dogecoin (DOGE) is installed to the It is near an eight-month high of $0.21, while several Trump-related meme coins are up by double digits.

Conversely, memes associated with the Democratic candidate saw significant losses. as a Cryptopotato reportedKamala Horis (KAMA) fell more than 90% daily, while KAMABLA experienced a similar decline.