Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Streamer loses $700K in BTC betting on Harris win

Streamer loses $700K in BTC betting on Harris win

GrafaGrafa2024/11/07 07:37
By:Isaac Francis

The recent U.S. presidential election concluded with Donald Trump becoming the 47th president after securing victories in swing states such as Pennsylvania, Georgia, and North Carolina.

His win fueled a surge in the cryptocurrency market, benefiting many in the sector.

Bitcoin (CRYPTO:BTC) reached a new all-time high of over $75,000, though it later slightly dipped to $74,000, based on CoinGecko data.

Dogecoin (CRYPTO:DOGE) also saw significant growth, hitting an eight-month high of nearly $0.21, while Trump-related meme coins experienced double-digit increases.

However, not everyone profited from the election’s outcome.

Canadian streamer Félix Lengyel, widely known as xQc, revealed that he placed a substantial bet of $700,000 worth of BTC on Kamala Harris winning the presidency.

“The odds were too good,” Lengyel stated, suggesting that he found the potential profit enticing.

If Harris had won, he stood to gain nearly $1 million in BTC.

The reaction to Lengyel's bet was met with scepticism from his followers on X (formerly Twitter).

Many deemed the bet unwise, considering Trump’s favorable odds leading up to the election.

One user even commented that xQc should have directed the money to charity rather than “burning it” on an improbable wager.

The outcome affected cryptocurrency trends differently.

Meme coins associated with Trump surged, while those linked to Harris plummeted.

Reports showed the crash of coins such as Kamala Horris (CRYPTO:KAMA), which fell by over 90%, and Kamabla (CRYPTO:KAMABLA), which also experienced severe losses.

At the time of reporting, the Bitcoin price was $75,666.37.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

WLFIUSDT now launched for pre-market futures trading

Bitget Announcement2025/08/23 13:50

New spot margin trading pair — SAPIEN/USDT!

Bitget Announcement2025/08/22 10:56

Bitget Will Delist MKR on 2025-08-22

Bitget Announcement2025/08/22 10:15