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 At a recent event in New York, Trump reiterated his support for digital assets, pledging to reduce outdated regulations and embrace new technologies.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. Trump’s support for crypto has led some analysts to predict that a victory for him could significantly boost Bitcoin prices, potentially driving the cryptocurrency to new heights.
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.
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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