{"id":11231,"date":"2024-11-06T19:56:19","date_gmt":"2024-11-06T19:56:19","guid":{"rendered":"https:\/\/cryptd.in\/this-viral-streamer-lost-700k-worth-of-btc-betting-on-kamala-harris-to-win\/"},"modified":"2024-11-06T19:56:19","modified_gmt":"2024-11-06T19:56:19","slug":"this-viral-streamer-lost-700k-worth-of-btc-betting-on-kamala-harris-to-win","status":"publish","type":"post","link":"https:\/\/cryptd.in\/en\/this-viral-streamer-lost-700k-worth-of-btc-betting-on-kamala-harris-to-win\/","title":{"rendered":"This Viral Streamer Lost $700K Worth of BTC Betting on Kamala Harris to Win"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Popular Canadian online streamer missed a profit of almost $1 million worth of BTC after betting on Harris to become president.<\/span><\/li>\n<li>Trump\u2019s victory fueled a crypto rally, with bitcoin reaching a new peak of over $75K.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/xQc_CB.jpg\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"alignnone size-full wp-image-369375\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/xQc_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" \/><\/a><\/span><\/h2>\n<h2>Betting on the Wrong Horse?<\/h2>\n<p><span data-preserver-spaces=\"true\">The US presidential elections are undoubtedly among this year\u2019s hottest topics. The latest results <a href=\"https:\/\/www.bbc.com\/news\/live\/czxrnw5qrprt\" data-wpel-link=\"external\" target=\"_blank\" rel=\"noopener\">show<\/a> that the 47th president of the country will be Republican Donald Trump, who <a href=\"https:\/\/www.aljazeera.com\/news\/liveblog\/2024\/11\/5\/us-election-results-live-polls-shut-in-trump-harris-indiana-kentucky-race\" data-wpel-link=\"external\" target=\"_blank\" rel=\"noopener\">secured<\/a> vital victories in swing states like Pennsylvania, Georgia, and North Carolina.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">His win led to a massive resurgence of the cryptocurrency market. Therefore, it was cheered by numerous proponents of the asset class and investors.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, it is not beneficial to everyone. The <\/span><span data-preserver-spaces=\"true\">popular<\/span><span data-preserver-spaces=\"true\"> Canadian online streamer F\u00e9lix Lengyel, better known as xQc, revealed that he wagered $700,000 worth of Bitcoin (BTC) on Harris. A victory for the Democratic candidate would have resulted in a massive profit of almost $1 million in the primary cryptocurrency.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">THIS BETTER HIT LMFAO, THE ODDS WERE TOO GOOD I HAD TO. DONT GET IT TWISTED<br \/>\nPS: DONT GET MAD I CANT EVEN VOTE IM CANADIAN <a href=\"https:\/\/t.co\/X2tECDEU8M\" data-wpel-link=\"external\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/X2tECDEU8M<\/a><\/p>\n<p>\u2014 xQc (@xQc) <a href=\"https:\/\/twitter.com\/xQc\/status\/1853559741546459325?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"noopener\">November 4, 2024<\/a><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Most <\/span><span data-preserver-spaces=\"true\">of the<\/span><span data-preserver-spaces=\"true\"> X users commenting on the post described the bet as unreasonable, considering Trump\u2019s better odds of emerging victorious. One person went even further, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/prixorr\/status\/1853559936963559579\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">arguing<\/span><\/a><span data-preserver-spaces=\"true\"> that xQc should have donated the funds to charity instead of \u201cburning it\u201d by placing it on Harris.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Market\u2019s Reaction<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">As mentioned above, multiple leading cryptocurrencies headed north immediately after the reports indicating that Trump\u2019s win in the elections was just a matter of time.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin (BTC) <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-explodes-to-new-all-time-high-at-75000\/\" data-wpel-link=\"internal\">soared<\/a> to a new ATH of over $75,000 before slightly retracing to its current $74,000 (per CoinGecko\u2019s data). Dogecoin (DOGE) <a href=\"https:\/\/cryptopotato.com\/dogecoin-doge-price-soars-22-in-hours-heres-why\/\" data-wpel-link=\"internal\">pumped<\/a> <\/span><span data-preserver-spaces=\"true\">to<\/span><span data-preserver-spaces=\"true\"> an eight-month high of almost $0.21, while numerous Trump-related meme coins skyrocketed by double digits.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the contrary, memes connected to the Democratic candidate witnessed crucial losses. As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/meme-coin-madness-as-donald-trump-wins-key-states-in-the-us-presidential-elections\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, Kamala Horris (KAMA) crashed by over 90% daily, whereas Kamabla (KAMABLA) experienced a similar collapse.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/this-viral-streamer-lost-700k-worth-of-btc-betting-on-kamala-harris-to-win\/\" rel=\"nofollow\">This Viral Streamer Lost $700K Worth of BTC Betting on Kamala Harris to Win<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Popular Canadian online streamer missed a profit of almost $1 million worth of BTC after betting on Harris to become president. Trump\u2019s victory fueled a crypto rally, with bitcoin reaching a new peak of over $75K. Betting on the Wrong Horse? The US presidential elections are undoubtedly among this year\u2019s hottest topics. The latest [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This Viral Streamer Lost $700K Worth of BTC Betting on Kamala Harris to Win - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/en\/this-viral-streamer-lost-700k-worth-of-btc-betting-on-kamala-harris-to-win\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Viral Streamer Lost $700K Worth of BTC Betting on Kamala Harris to Win - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Popular Canadian online streamer missed a profit of almost $1 million worth of BTC after betting on Harris to become president. 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