Cryptocurrency traders on social media are debating whether a hypothetical Harris presidency may have been a better long-term outcome for the sector

Pseudonymous trader Pickle outlined a "what-if" scenario in a post on X on Thursday, comparing how cryptocurrencies would have performed if Kamala Harris had won the presidency.

Cryptocurrency traders on social media are speculating on whether a hypothetical Harris presidency may have been a better long-term outcome for the sector, considering the cryptocurrency prices have performed poorly since President Trump took office.

What Happened: Pseudonymous trader Pickle outlined a "what-if" scenario in a post on X (formerly Twitter), comparing how cryptocurrencies would have performed if Kamala Harris had won the presidency.

The trader posits that regulatory pressures would have remained high, likely driving Bitcoin down to the high $50,000s from $70,000 before a gradual recovery. With softer monetary policy, markets could have seen a later peak in 2025.

However, without Trump's pro-crypto influence, there would be no Official Trump coin narrative or aggressive crypto deregulation.

Bullish catalysts arrived early under President Trump, leading to a sharp rally. Lacking new narratives, the market has started trending downward, with a full retrace of the rally possible.

The lack of an early blow-off top in equities could provide a stronger base for a later crypto surge, ultimately setting up a more sustainable bull run, the trader argues.

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Why It Matters: Web3 researcher Wale Swoosh highlighted that nearly all major cryptocurrencies have posted negative returns since the start of 2025.

Bitcoin has dropped 11.7%, while Ethereum is down 46% and XRP is down 2.4%. Dogecoin and Shiba Inu are down 48% and 42.9%, respectively.

What's Next: The traders predict a flat market with occasional mean reversion pumps before a stronger move in late summer or early Q3 as the current uncertainty clears.

The initial Trump-driven boost was a one-time event—from here, market movements will depend on policy negotiations and settlements.

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