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Bitcoin Misses the Mark in Trump vs. Harris Debate; Price Rises Above $57k Amid Missed Agendas

Andras Crow-Hreidar by Andras Crow-Hreidar
September 10, 2024
in Crypto, News
Reading Time: 2 mins read
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The first presidential debate between former President Donald Trump and Vice President Kamala Harris took place tonight, showcasing a clash of well-prepared agendas. However, Bitcoin enthusiasts were left disappointed as neither candidate addressed reforms related to cryptocurrency. The debate predominantly focused on key issues such as climate change, abortion rights, international conflicts, and economic reforms.

Key Debate Topics: Climate Change, Abortion, International Conflicts

Throughout the debate, Vice President Harris emphasized her comprehensive plans to tackle the nation’s challenges, positioning herself as a staunch advocate for the middle class. She articulated various strategies to address pressing issues, aiming to resonate with a wide range of voters. On the other hand, former President Trump dismissed her assertions, providing counterarguments that, while vigorous, did not substantially shift the debate’s dynamics.

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Absence of Cryptocurrency in the Debate

Notably, the topic of cryptocurrency, including Bitcoin, was conspicuously absent from the conversation. This omission was particularly striking given Trump’s recent engagement with the crypto community. Just a few days prior, he made headlines at the Bitcoin Nashville conference with bold promises, including the removal of SEC Chair Gary Gensler. These developments underscored the growing mainstream acceptance of cryptocurrency, once dismissed as a fringe phenomenon.

Trump’s Vision for Cryptocurrency

At the Bitcoin Nashville conference, Trump declared his ambition for the United States to become the “crypto capital of the planet” and the Bitcoin “superpower of the world.” His campaign has increasingly embraced cryptocurrency, even accepting Bitcoin donations and launching digital NFT trading cards. Despite these significant moves, the debate saw no mention of Bitcoin or any related policies, leaving many in the crypto community wondering about the future.

Bitcoin’s Market Response

Interestingly, the price of Bitcoin remained stable, trading above the crucial $57k mark, showing little reaction to the heated debate. This stability suggests that the market may have already priced in the political climate or that investors are waiting for more concrete policy discussions related to cryptocurrency.

Trump’s Promises at the Bitcoin Conference

During his speech at the Bitcoin Nashville conference, Trump made several noteworthy promises:

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry. I will appoint an SEC chair who will build the future, not block the future,” Trump promised.

Taking a direct jab at Harris and President Joe Biden, he warned, “If they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things and you wouldn’t believe.”

Conclusion: A Debate with Missed Opportunities

The first presidential debate between Trump and Harris illuminated their divergent approaches to numerous critical issues but left a significant gap by not addressing cryptocurrency. As the election cycle progresses, it remains to be seen whether future debates will touch on this increasingly important topic. For now, both candidates seem focused on more traditional political battlegrounds, leaving the crypto community eagerly awaiting more definitive policy positions.

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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