On Tuesday evening, presidential candidates Donald Trump and Kamala Harris will face off in their first and likely only televised debate, but they are not expected to talk about cryptocurrencies.
Voters’ Priorities
According to Ron Hammond, director of government relations at the Blockchain Association, cryptocurrencies are not a primary election issue for most voters, so there’s not much pressure on candidates to define their policy positions on the issue. Former President Donald Trump’s desire to make the United States the “world capital” for bitcoin may be enough to win him support from major donors and single-issue voters. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Ron Hammond: “This is a presidential campaign. [Trump ve Harris] “They clearly win or lose on other policy issues.”
According to prediction market Polymarket, there is only a 14% chance Trump will use the word “crypto” in the debate, while there is a 19% chance he will use the word “aliens” more than five times.
Election and Crypto Prices
The debate, which will be broadcast by ABC at 9 p.m. ET, could be the last opportunity for the candidates to iron out their differences face-to-face on key issues. A June Harris Polls poll found that voters are increasingly interested in investing in crypto assets. But a recent poll found that cryptocurrencies are not a top priority for voters, with inflation, jobs and the economy among the issues they care about most.
Trump has said several times that he wants to make the US a global leader in crypto, which has led to major donors making large donations to the Trump campaign. More than $3 million was raised from the crypto sector in the second quarter.
Rebecca Liao: “While crypto is a major issue in this election, it’s not on the same level as issues like immigration or inflation.”
Kamala Harris has not spoken out much about cryptocurrencies and did not mention the topic at the Democratic National Convention or on her list of policy positions. However, Harris also has supporters in the crypto industry, such as Mark Cuban and Anthony Scaramucci.
Wall Street research firm AB Bernstein predicts that if Trump is elected president, the price of bitcoin could reach between $80,000 and $90,000 by the end of the year, while if Harris wins, it could fall to between $30,000 and $40,000. The reason for this prediction is regulatory actions.
Crypto regulations are expected to tighten under the Harris administration and such tensions are expected to ease under the Trump administration. However, cryptocurrencies are unlikely to play a decisive role in this election.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
