The first televised debate of the 2024 U.S. presidential election will be held at 9:00 pm on June 27th, Eastern Time (9:00am on June 28th, Taiwan time). This is the first meeting between the old rivals Biden and Trump. The first head-to-head confrontation on the debate stage in 4 years.
This presidential debate hosted solely by CNN is quite special. It breaks the tradition of holding debates only 50 days before the election and is held 130 days before the election, making it the earliest presidential televised debate in American history.
In addition, the entire 90-minute debate was held in a studio without an audience. During the period, campaign team members were also prohibited from contacting the candidates, and were not allowed to use teleprompters, cheat sheets, and props to avoid a recurrence of the situation of interrupting each other in 2020. , the microphones of candidates who are not asked to speak will also be silenced to ensure a civilized debate. It is expected that the situation of this debate may be very different from four years ago.
The first presidential televised debate in the United States in 2024
- Time: June 28, 9 a.m. Taiwan time
- Live link: CNN Youtube
Cryptocurrency may become the focus of the US presidential debate
It is worth noting that there are rumors that Biden and Trump, who have recently changed their attitudes and are actively courting young Web3 voters, may discuss cryptocurrency policy in this presidential debate, which may trigger fluctuations in the cryptocurrency market.
For the cryptocurrency industry and community, they are also eager for cryptocurrency to appear as a major policy issue in a U.S. presidential debate for the first time. Coindesk reported that the cryptocurrency advocacy group Stand With Crypto recently launched an online letter-writing campaign aimed at pushing CNN hosts to raise cryptocurrency-related issues at the presidential debate. A spokesman for the organization said on Wednesday that nearly 2,300 people signed and sent letters.
The organization emphasized in the letter: "Giving major presidential candidates the opportunity to express their opinions on this transformative technology during the first debate will go a long way in educating voters and helping U.S. cryptocurrency owners cast an informed vote. "
Further reading: New York Times special article: How does cryptocurrency affect the U.S. presidential election? Has Trump won?
Can the Biden-Trump debate trigger major market fluctuations?
Quinn Thompson, founder of cryptocurrency hedge fund Lekker Capital, posted on X on Tuesday that Biden and Trump will debate cryptocurrency issues, and expected that this move may promote the rise of cryptocurrency.
On Thursday, more than 100 million people around the world will watch Trump and Biden debate who is more supportive of economic growth and cryptocurrencies.
Trump will talk about his upcoming Bitcoin conference and criticize Biden for his lack of an Ethereum ETF.
However, regarding the first presidential address of the year in the United States, Bitfinex analysts believe that Trump and Biden’s speeches on cryptocurrency policy are unlikely to cause much fluctuation in the crypto market.
The upcoming presidential debates, which will feature a new format and stricter rules to ensure a more structured discussion, are unlikely to have a significant impact on the price of Bitcoin, but could have a significant impact on the broader cryptocurrency market.
Both Biden and Trump have clear stances on cryptocurrencies and financial regulation. Markets have already considered their positions, so reiterating them during the debate is unlikely to bring new volatility.
Offensive and defensive issues in the first presidential debate
It is also worth mentioning that, in addition to cryptocurrencies, potential issues in the presidential debate may also cause fluctuations in the overall market. According to foreign media predictions, the first debate topics may include:
- Diplomatic issues: whether to help defend Taiwan, military aid to Ukraine, how to end the Israeli-Arab war
- Internal Affairs: Immigration, health care, economy, combating inflation, narrowing the gap between rich and poor, anti-terrorism, abortion
- Personal: Trump and Biden's "advanced age" and legal disputes (Trump was found guilty on all 34 counts by the court for falsifying business records and concealing hush money paid to adult film actresses, becoming the first former U.S. president to be convicted in history. ; Biden was attacked by public opinion because his second son Hunter was involved in illegal gun possession and tax lawsuits)
Political Meme Coin Shows Trump’s Big Victory over Biden
The world is waiting to see the performance of the first presidential debate between Trump and Biden tomorrow and its impact on the election and the market. Many polls in the United States show that the two candidates are in a 5-5 wave, but in the world of political meme coins, Trump is significantly ahead of Biden.
CoinGecko data shows that among the top 10 PolitiFi meme coins by market capitalization, 8 are Trump-themed, many of which are based on Trump’s “Make America Great Again (MAGA)” slogan. Topics such as MAGA (TRUMP) and MAGA Hat (MAGA), while there is only one Biden-related topic Jeo Boden (BODEN)
Forrest Przybysz, a cryptocurrency trader and CEO of research firm Sistine, told Reuters that Trump is an attention magnet. Therefore, he is an ideal subject for meme coins. As the election approaches, he expects the price and speculation of Trump-based meme coins to rise.
