According to Polymarket Betting, Trump Lost the US Presidential Debate to Harris
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Written by
Yana Levkovich - Updated 2024-09-11 13:31:45
Once again, cryptocurrency was not brought up in the second 2024 debate between Donald Trump and Kamala Harris.
In their first-ever debate on Tuesday, US Vice President Kamala Harris and former US President Donald Trump avoided discussing cryptocurrency, even though Trump's chances of winning the election dropped as much as 3%, according to the decentralized betting site Polymarket.
The main topics of discussion during Harris and Trump's Sept. 10 Philadelphia debate were their respective platforms on immigration, foreign policy, the economy, and abortion rights.
Throughout the debate, Trump's chances of winning the election on Polymarket fell rapidly, dropping as much as three percentage points to 49% and putting the two presidential candidates in a tie for the first time on the decentralized betting site.
Pop singer Taylor Swift formally backed Harris shortly after the debate concluded. After seeing the debate, she told her 284 million Instagram followers that she was inspired to support Harris because she was a “steady-handed” leader.
Harris's Win Could Be Problematic For Cryptocurrency
Many analysts have concluded that a Trump victory in November will account for much of the cryptocurrency market's short-term success, at least in terms of Bitcoin's price movement.
Bernstein analysts said in a Sept. 9 investment note to clients that if Trump wins on Nov. 5, Bitcoin would rise as high as $90,000 by year's end.
If elected, Trump has promised to cease Biden's “war on crypto” and made bold pledges to support the cryptocurrency sector.
On the other side, experts predict that the price of Bitcoin might drop as low as $30,000 if Harris—whose official position on cryptocurrencies is still mostly unknown—wins.
Based on a Sept. 10 FiveThirtyEight poll conducted before the debate, Harris leads Trump by 2.7 percentage points (47.1% to 44.9%), closer to the betting market odds than before the debate.
According to May Gallup polls, the topics that American voters are most concerned about include the economy, inflation, bad government, and immigration rather than cryptocurrencies.
