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Democratic nominee Kamala Harris’ winning odds increased following the presidential debate with Republican candidate Donald Trump. As the former US president and the Vice President’s chances tied in the polls, the flagship cryptocurrency’s price saw a mild 1.5% decline.
Many investors awaited the mention of Bitcoin (BTC) and digital assets but were disappointed as the event concluded with no discussion of crypto policies.
Presidential Debate Forgets Crypto
The crypto community awaited Tuesday’s Presidential Debate hoping the candidates would discuss the industry’s policies as a candidate’s stance on digital assets has become a decisive factor for American voters.
A recent report by global exchange Gemini revealed that three in four crypto owners believe digital asset policies will impact voting in the elections. 73% of the surveyed plan to consider a candidate’s stance on the industry before voting, while 37% claimed that these policies will have a “significant impact” on their decision.
As a result, many investors hoped the sectors’ policies would be discussed during the first showdown between the nominees. Former US President Donald Trump has embraced the crypto industry, which has earned him massive support from top figures within the space.
Trump has promised to tackle the regulatory crackdown on the sector, pledging to end the Biden-Harris administration’s “anti-crypto crusade.” Additionally, he revealed his intention to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler, if elected.
Following the lack of crypto discussion during the debate, the US VP’s stance on the sector remains undisclosed. Despite this, many community members consider that the Democratic nominee was the debate’s winner.
Bitcoin Bull Mike Novogratz said VP Harris “smoked” the Republican nominee during the debate, joking that the Republican National Committee (RNC) would replace Trump after Tuesday’s event. Novogratz also suggested that the election’s outcome won’t be clear until the results are in, stating, “Our election will be decided in six states that are gonna be close.”
Other community members considered Americans the “real losers” after the debate, as both candidates “danced around the real problems, like rising inflation, endless government overreach, and the federal reserve’s money printing.”
QCP Capital stated in a Telegram message that Harris appears to have “won in the court of public opinion.” However, it noted that neither candidate provided “a clear message on economic policy.”
VP Harris Takes The Lead
The debate resulted in the Democratic nominee’s winning odds increasing by 4%, according to Polymarket, Trump and Harris tied on Tuesday night with 49% chances of winning each. Nonetheless, the US VP took the lead in the early hours of Wednesday.
VP Harris’ odds were also positively impacted after global superstar Taylor Swift endorsed her. In an Instagram post, the American singer distanced herself from the pro-crypto Republican candidate, who recently shared AI images suggesting Swift and her fans supported him.
Additionally, Swift took a jab at Trump’s running mate J.D. Vance, for his comments calling female Democratic politicians “childless cat ladies.” The Democratic nominee recently received support from 88 business leaders ahead of the debate, including Ripple’s co-founder Chris Larsen and Billionaire Mark Cuban.
As of this writing, Kamala Harris’ chance of winning the election hit 50% in Polymarket, ahead of Trump’s 49%, and her odds of winning the six swing states have increased by 2% in the prediction market.
Featured Image from Unsplash.com, Chart from TradingView.com
