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

As the second presidential debate of the 2024 election approaches, speculation grows over whether Donald Trump or Kamala Harris will mention cryptocurrencies. On Polymarket, a decentralized prediction platform, users have placed significant wagers on this topic, though the odds of either candidate referencing crypto remain low.

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

Donald Trump Odds Of Mentioning Crypto

Although former US president Donald Trump has previously expressed support for crypto, the likelihood of the topic surfacing during the debate remains slim. Polymarket bettors now rate a 10% chance of Kamala Harris discussing cryptocurrency. In comparison, users expect the debate to center more on topics like abortion, with an 83% chance of being mentioned, while the odds of Trump mentioning Elon Musk stand at 33%.

Crypto has yet to be a significant point in this election cycle, with neither candidate making it a key part of their campaign. In contrast, the previous Trump-Biden debate in 2020 saw no mention of Bitcoin or cryptocurrency, and Kamala Harris’ recent policy statements have omitted the subject entirely.

Despite the low Polymarket odds, the former US president has made crypto a focus in his campaign, stating that he aims to position the U.S. as the world capital of crypto. At a recent event in New York, Trump reiterated his support for digital assets, pledging to reduce outdated regulations and embrace new technologies. His stance has garnered attention, particularly from the growing community of crypto voters.

Elon Musk, who has backed Trump’s plans, has even been proposed to lead a task force aimed at improving government efficiency. Concurrently, the Tesla CEO’s company SpaceX has also shown bullish support for BTC which aligns with Trump’s support for crypto and analysts prediction that a victory for him could significantly boost Bitcoin prices.

Kamala Harris Silent on Cryptocurrency

Kamala Harris, on the other hand, in contrast to Donald Trump has remained largely silent on the issue of cryptocurrency throughout her campaign. While her team has engaged with industry figures, her official policy statements do not reflect any concrete stance on the matter. This absence of crypto-related policies could contribute to the uncertainty surrounding how a Harris presidency might impact the digital asset space. Trump, on the other hand has vowed to make America the world capital for crypto and Bitcoin.

Observers have pointed out Harris’ lack of clear policies on the industry, despite rumors of her adopting a pro-crypto platform earlier in the year. However, her new policy statement, released just days before the debate, made no mention of cryptocurrency, focusing instead on sectors like artificial intelligence and semiconductors.

Despite this, Kamala Harris campaign has attracted support from prominent figures in the crypto space. Chris Larsen, co-founder of Ripple, has formally endorsed Harris for the US 2024 election. Larsen joined a coalition of 89 business leaders, including executives from 21st Century Fox and Snap, in signing a letter of support for Harris. However, with Donald Trump currently leading in Polymarket betting odds at 52%, many are looking ahead to how the outcome of the election could affect the cryptocurrency landscape.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.