24/7 Cryptocurrency News

Peter Schiff Rebukes Kamala Harris Over Stock Market Crash

Bitcoin critic Peter Schiff has recently posted on X, deeming Kamala Harris as one of the potential reasons why the U.S. stock market crashed.
Published by
Peter Schiff Rebukes Kamala Harris Over Stock Market Crash

Highlights

  • Peter Schiff deems Harris as one of the reasons why stock market crashed.
  • Previously, the BTC critic spotlighted other factors that contribute to a recession.
  • A look into latest developments surrounding Trump vs Harris.

Bitcoin critic Peter Schiff’s recent remarks in the wake of the Kamala Harris vs Donald Trump saga have scoped in on a very peculiar aspect. Today, the cryptocurrency critic took to X, deeming the Democratic Party Vice President to be one of the potential reasons why the stock market crashed. Moreover, he also spotlighted how the Vice President’s betting odds against Trump are gradually gaining traction.

Meanwhile, the United States saw quite a bustle nationwide following the recent release of recent jobs data post-unchanged interest rates in FOMC.

Advertisement

Peter Schiff Says Harris Caused Stock Market Crash

In a post on X today, August 3, Peter Schiff stated, “Harris is now the betting favorite to win the election. That may also be one of the reasons the Stock Market is now crashing.”

Previously, Peter Schiff rolled out recent market events in a post on X, adding to why a United States might be entering a recession again. The recent data indicating only 114,000 U.S. jobs added in July, falling short of expected 175,000, was one of them. Additionally, the unemployment rate increased to 4.3%, marking the highest since October 2021. These factors, as pointed out by the BTC critic, have sparked concerns nationwide.

Also, in today’s post, it was brought to attention that the Democratic Party member is emerging as the betting favorite primarily due to the nation’s media’s “coordinated campaign.” Further, “the efforts by the media to redefine Harris as a highly competent moderate and Trump and Vance as just plain weird is working,” he added.

It’s worth mentioning that earlier today, the BTC critic also claimed that Ethereum might hit $2K amid ETF outflows.

Also Read: WazirX Hack Update: Exchange Scraps Plan To Distribute Loss Among Users

Advertisement

Trump vs. Harris

In the interim, Donald Trump has once again sent tongues wagging nationwide, agreeing to debate with the Democratic Party member after brushing it off numerous times. Reportedly, the Harris vs. Trump debate is set to take place on September 4 and will be hosted by Fox News.

Besides, Polymarket’s data currently shows that U.S. presidential winning odds are 53% in favor of the Republican member, whereas 44% sided with the Democratic Party member. It’s worth mentioning that the odds have gained considerable traction for the vice president in recent days.

Also Read: Bitcoin & Crypto Cheques To Clear $35T US Debt, Donald Trump Says

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus

Leading cryptocurrency exchange LBank has signed a historic sponsorship deal with the Argentine Football Association…

September 28, 2025
  • 24/7 Cryptocurrency News

ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers

ASTER dominates decentralized perp trading with $42 billion in daily volume. Meanwhile, Wintermute moved $4.8…

September 28, 2025
  • 24/7 Cryptocurrency News

USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure

Native Markets has staked and locked 200,000 HYPE tokens for three years, making USDH the…

September 28, 2025
  • 24/7 Cryptocurrency News

SEC to Decide on Six Spot XRP ETF Applications in October

The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October…

September 28, 2025
  • 24/7 Cryptocurrency News

Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL

Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership…

September 27, 2025
  • 24/7 Cryptocurrency News

Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows

Ethereum’s exchange supply has dropped by more than 52% from their 2016 levels, hitting a…

September 27, 2025