As a seasoned crypto investor with a keen eye for political trends and their impact on the digital asset market, I find myself intrigued by the upcoming U.S. presidential debate. The crypto landscape often mirrors the broader financial markets, and the political climate plays a significant role in shaping these dynamics.
While the U.S. presidential candidates are making their last-minute preparations for tonight’s debate, it’s worth considering which cryptocurrencies might see growth both during and after the event.
It’s widely believed that Republicans tend to be supportive of cryptocurrencies, while Democrats have historically shown more caution. But Michael Saylor, founder of MicroStrategy, stated on CNBC that it’s actually Republicans who are leading the way in terms of progressiveness regarding crypto, and Democrats are gradually moving towards a more open stance on digital assets, indicating a shift towards the center.
Following the debate, these three cryptocurrencies are likely to perform exceptionally well.
Crypto to Own – Bitcoin (BTC)
At present, investing in Bitcoin appears to be a logical choice given the significant promotion (or shilling) it is receiving within the world of X cryptocurrencies. A year ago, Saylor foresaw this trend at the Bitcoin 2023 conference and stated, “Politicians will strive to demonstrate their affinity for Bitcoin by competing with one another.
ONE YEAR AGO Saylor made a prediction:
In the upcoming political race, all contenders will strive to demonstrate their affinity towards #Bitcoin, as they recognize it as a symbol of liberty. Candidates vying for office in the United States are expected to build their campaigns around the theme of freedom… I foresee Republican politicians, in particular, emphasizing this aspect.
— Walker (@WalkerAmerica) May 22, 2024
Today, we’re witnessing a gradual development, as it appears that Democrats are gradually shifting their standpoint towards the center when it comes to Bitcoin and cryptocurrencies.
According to financial analyst Gautam Chhugani from Bernstein, if Donald Trump wins the upcoming election, Bitcoin’s price might surge up to $90,000 by the year-end. Conversely, if Kamala Harris takes office, the predicted Bitcoin price could be around $30,000 by the end of the year.
According to the latest surveys conducted by Fox News, Donald Trump is overwhelmingly leading Kamala Harris on a national level. This suggests that investing in Trump could be a smart move following the debate.
Ethereum (ETH)
1) The price of Ethereum is persistently struggling against steep odds, being the crypto sector’s project most frequently targeted by the SEC. A hearing at the Subcommittee on Digital Assets, Financial Technology, and Inclusion is scheduled for September 10, focusing on decentralized finance and technology that maintains privacy.
The government regulatory body, the Securities and Exchanges Commission, has been closely monitoring a number of cryptocurrency initiatives, such as OpenSea and Uniswap.
Over the past 24 hours, Ethereum’s value has increased by approximately 2.3%, mirroring broader market trends. Currently, it is being traded at $2,346. With notable support around $2,320, there’s a possibility that the price might rebound from this level, making Ethereum an attractive crypto investment before today’s debate and November elections.
Trump (MAGA)
As polls indicate a lead for Donald Trump, it’s possible that the “MAGA” political symbol could experience significant growth should Trump perform well in the debate.
There remains uncertainty as to whether Kamala Harris will participate in the debate, considering the significant polling results that don’t favor her.
JUST IN: Dem pollster’s newest numbers have Donald Trump CRUSHING Kamala Harris nationally, adding another serious blow the the campaign just one day out from the debate.
WILL SHE SHOW UP?
— Chuck Callesto (@ChuckCallesto) September 9, 2024
The current value of MAGA stock is at $3.27, representing a decrease of 1.1% over the last day but an increase of 0.3% over the past week. If Trump triumphs in the debate, there’s a possibility that MAGA price could soar to $4.00 and might even escalate further by another 100%, potentially reaching $8.00.
As the U.S. political climate gains more significance for cryptocurrency, today’s presidential debate results could significantly influence the trajectory of the crypto markets. Given this scenario, here are some cryptocurrencies you might want to consider investing in, as they may perform favorably if Donald Trump wins the debate today.
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2024-09-10 11:14