This Viral Streamer Lost $700K Worth of BTC Betting on Kamala Harris to Win

TL;DR

• Standard Canadian on-line streamer missed a revenue of virtually $1 million value of BTC after betting on Harris to develop into president.
• Trump’s victory fueled a crypto rally, with bitcoin reaching a brand new peak of over $75K.

Betting on the Incorrect Horse?

The US presidential elections are undoubtedly amongst this yr’s hottest matters. The most recent outcomes show that the forty seventh president of the nation shall be Republican Donald Trump, who secured very important victories in swing states like Pennsylvania, Georgia, and North Carolina. 

His win led to an enormous resurgence of the cryptocurrency market. Subsequently, it was cheered by quite a few proponents of the asset class and traders. 

Nonetheless, it’s not helpful to everybody. The widespread Canadian on-line streamer Félix Lengyel, higher often known as xQc, revealed that he wagered $700,000 value of Bitcoin (BTC) on Harris. A victory for the Democratic candidate would have resulted in an enormous revenue of virtually $1 million within the main cryptocurrency. 

THIS BETTER HIT LMFAO, THE ODDS WERE TOO GOOD I HAD TO. DONT GET IT TWISTED
PS: DONT GET MAD I CANT EVEN VOTE IM CANADIAN pic.twitter.com/X2tECDEU8M

— xQc (@xQc) November 4, 2024

Most of the X customers commenting on the submit described the guess as unreasonable, contemplating Trump’s higher odds of rising victorious. One particular person went even additional, arguing that xQc ought to have donated the funds to charity as a substitute of “burning it” by putting it on Harris.

The Market’s Response

As talked about above, a number of main cryptocurrencies headed north instantly after the reviews indicating that Trump’s win within the elections was only a matter of time.

Bitcoin (BTC) soared to a brand new ATH of over $75,000 earlier than barely retracing to its present $74,000 (per CoinGecko’s knowledge). Dogecoin (DOGE) pumped to an eight-month excessive of virtually $0.21, whereas quite a few Trump-related meme cash skyrocketed by double digits. 

Quite the opposite, memes linked to the Democratic candidate witnessed essential losses. As CryptoPotato reported, Kamala Horris (KAMA) crashed by over 90% every day, whereas Kamabla (KAMABLA) skilled the same collapse.