The odds of Democratic candidate Kamala Harris winning the presidential election have increased after the debate with Republican candidate Donald Trump. With the former US president and his vice president tied in the polls, the price of the leading cryptocurrency saw a slight decline of 1.5%.
Many investors were waiting for a mention of Bitcoin (BTC) and digital assets, but were disappointed when the event ended without discussing crypto policies.
Presidential Debate Forgets Cryptocurrencies
The crypto community has been waiting for Tuesday’s presidential debate in hopes that the candidates will discuss industry policies as a candidate’s stance on digital assets has become a deciding factor for American voters.
A recent report from global exchange Gemini revealed that three out of four cryptocurrency holders believe digital asset policies will influence their vote in the election. 73% of respondents plan to consider a candidate’s stance on the industry before voting, while 37% claimed that these policies would have a “significant impact” on their decision.
As a result, many investors hoped that sector policies would be discussed during the first face-off between the candidates. Former US President Donald Trump embraced the crypto industry, which earned him massive support from industry heavyweights.
Trump has promised to address the regulatory crackdown on the sector, vowing to end the “anti-crypto campaign” waged by the Biden-Harris administration. He has also revealed his intention to fire SEC Chairman Gary Gensler if elected.
Following the absence of cryptocurrency discussion during the debate, the US Vice President’s position on the sector remained unspoken. However, many in the community believe that the Democratic candidate won the debate.
Mike Novogratz, Bitcoin Bull He said During the debate, Vice President Harris mocked the Republican nominee, saying the Republican National Committee would replace Trump after Tuesday’s event. Novogratz also suggested that the outcome of the election would not be clear until the results were in, saying, “Our election will be decided in six states that will be close.”
Other community members It is considered Americans are the “real losers” after the debate, where the candidates “danced around real problems, like high inflation, endless government overreach, and the Fed’s money printing.”
QCB Capital Stated In a message on Telegram, Harris appeared to have “won in the court of public opinion.” However, she noted that neither candidate had offered “a clear message on economic policy.”
Vice President Harris takes the lead
The debate increased the Democratic candidate’s odds of winning by 4%, according to Polymarket, and Trump and Harris were tied Tuesday night at 49% each. However, the US vice president take the initiative In the early hours of Wednesday morning.
VP Harris takes the lead agaisnt Donald Trump. Source: Polymarket
Vice President Harris’s chances have also been boosted by her endorsement from global superstar Taylor Swift. In an Instagram post, the American singer distanced herself from the cryptocurrency-friendly Republican candidate, who recently posted AI images suggesting Swift and her fans support him.
Additionally, Swift attacked Trump’s running mate, J.D. Vance, for his comments calling Democratic female politicians “cat ladies with no kids.” The Democratic candidate recently received endorsements from 88 business leaders ahead of the debate, including Ripple co-founder Chris Larsen and billionaire Mark Cuban.
As of this writing, Kamala Harris has a 50% chance of winning the election in the Pollymarket, ahead of Trump’s 49% chance, and her odds of winning the six swing states have increased by 2% in the prediction market.
Bitcoin is trading at $56,703 in the three-day chart. Source: BTCUSDT on TradingView
Featured image from Unsplash.com, chart from TradingView.com
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