Bitcoin (BTC) prices fell after the first debate between U.S. presidential candidates did not mention virtual asset policies. The drop in approval ratings for former U.S. Republican presidential candidate Donald Trump, who is pro-virtual assets, immediately after the debate also had an impact.
According to Cointelegraph on the 10th (local time), US Vice President Kamala Harris and former President Trump did not mention virtual asset policies during the televised debate held that day. Vice President Harris and former President Trump mainly discussed the economy, abortion rights, immigration, and foreign policy.
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The debate on this day attracted a lot of attention even before it started. This is because it is the first televised debate between former President Trump, who is friendly to virtual assets, and Vice President Harris, who is relatively cautious. In the meantime, the industry has predicted that if former President Trump, who calls himself the “virtual asset president,” is elected, the price of virtual assets will rise significantly. On the 9th, global investment bank Bernstein predicted in a report that “if Trump wins, the price of BTC will hit a new high this year.”
In anticipation of the debate, the price of Bitcoin (BTC) hit $57,983 at one point this morning. It is up 2% from the previous day. However, when the debate ended without discussing virtual asset-related agendas, the price of BTC fell to $56,365 at 1:50 p.m. The analysis that the debate was favorable to Vice President Harris also played a role. According to the decentralized prediction platform Polymarket, immediately after the debate, former President Trump's approval rating fell 3 percentage points to 49%, tying with Vice President Harris.
Investors’ interest in the U.S. presidential election is growing. According to Gemini’s “Global Virtual Asset Status” published on the 10th, 73% of Americans who own virtual assets responded that “the presidential candidates’ stance on virtual assets will influence their vote.” Gemini explained, “This is the first time in U.S. history that virtual assets have emerged as an important election issue.”
- Reporter Jaeheon Choi
- chsn12@decenter.kr
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