Viral Streamer Loses $700K in BTC Betting on Kamala Harris

TL;DR

• Canadian streamer xQc lost nearly $1 million in Bitcoin after betting on Kamala Harris to win the presidency.
• Trump's victory triggered a crypto rally, pushing Bitcoin to a new high of over $75,000.

Betting on Kamala Harris

The recent U.S. presidential elections have generated significant buzz, culminating in Republican Donald Trump's victory. Trump secured crucial wins in swing states like Pennsylvania, Georgia, and North Carolina, which led to a major rebound in the cryptocurrency market.

In a surprising turn, popular Canadian streamer Félix Lengyel, known as xQc, placed a bet of $700,000 worth of Bitcoin on Harris. Had Harris won, xQc would have made a profit of nearly $1 million in Bitcoin.

"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."

Many users on social media criticized xQc's bet, deeming it illogical given Trump's favorable odds. Some suggested that he should have donated the funds instead of wagering them on Harris.

Market Reaction to Trump's Victory

Following the news of Trump's impending victory, several leading cryptocurrencies experienced a surge. Bitcoin skyrocketed to an all-time high of over $75,000 before slightly retracting to around $74,000, according to CoinGecko. Dogecoin also saw significant gains, reaching an eight-month high of nearly $0.21.

Conversely, cryptocurrencies associated with Harris suffered substantial losses. For instance, the meme coin Kamala Horris (KAMA) plummeted by over 90%, while another coin, Kamabla (KAMABLA), faced a similar fate.