Will Donald Trump Vs Kamala Harris US Election Debate Involve Crypto?

by

As a seasoned researcher with years of experience following political trends and technological advancements, I find myself intrigued by the 2024 election cycle and its potential impact on the crypto landscape.

With the upcoming second presidential debate in 2024 just around the corner, there’s growing curiosity about whether Donald Trump or Vice President Kamala Harris might bring up the subject of cryptocurrencies. On Polymarket, a platform that allows decentralized predictions, there have been substantial bets placed on this possibility, but the chances of either candidate discussing crypto in the debate remain slim.

Currently, bettors give Trump a 18% chance of mentioning crypto, a drop from earlier projections.

Donald Trump Odds Of Mentioning Crypto

It’s uncertain if crypto will come up during the debate, as there’s only a 10% chance that Kamala Harris might bring it up. On the other hand, topics like abortion have an 83% likelihood of being discussed, and Trump has a 33% chance of mentioning Elon Musk instead.

So far, neither candidate in this current election has made crypto a major focus in their political campaigns, unlike the 2020 Trump-Biden debate where there was no discussion on Bitcoin or digital currencies. Similarly, Kamala Harris’ recent policy declarations fail to address cryptocurrency as a topic.

In contrast to the low chances suggested by Polymarket, the previous U.S. president has prioritized cryptocurrency in his political campaign, expressing an ambition to establish the United States as a global leader in this field. At a recent gathering in New York, Trump reinforced his backing for digital assets, promising to streamline outdated rules and promote innovative technologies. This position has garnered notice, especially among the expanding base of crypto-oriented voters.

1) Elon Musk, who supports Trump’s initiatives, has been suggested as a possible leader for a team tasked with enhancing government effectiveness. The backing of crypto by Trump has led certain financial experts to speculate that a win for him could cause a substantial increase in Bitcoin prices, potentially pushing the cryptocurrency to unprecedented levels.

Kamala Harris Silent on Cryptocurrency

Contrasting Donald Trump’s frequent comments on cryptocurrency during his campaign, Kamala Harris has been relatively quiet on this topic throughout her election journey. Although her team has interacted with industry professionals, there haven’t been any clear-cut policy statements from Harris regarding cryptocurrencies. This lack of crypto policies could potentially lead to ambiguity about how a Harris administration might influence the digital asset sector.

Observers have noted that Harris hasn’t clearly outlined her policies regarding the industry, contrary to whispers about her supporting cryptocurrencies earlier this year. Interestingly, her recently published policy statement, which dropped only a few days before the debate, didn’t touch upon digital currencies at all, but rather focused on areas such as artificial intelligence and semiconductors.

Although facing challenges, Kamala Harris’ presidential campaign has garnered endorsements from notable figures in the cryptocurrency sector. Chris Larsen, a co-founder of Ripple, has officially backed Harris for the 2024 U.S. election. Alongside Larsen, 89 business leaders, including executives from 21st Century Fox and Snap, have signed a letter expressing their support for Harris. However, with Donald Trump currently leading in betting odds at 52% on Polymarket, there’s much speculation about how the election outcome might shape the future of cryptocurrencies.

Read More

2024-09-10 20:34