🔊 Divisions within the Democratic Party are related to Biden's presidential debate performance

After the most recent presidential debate, there were clear divisions within the Democratic Party, with more and more people calling for Biden to be replaced as a candidate. Biden's poor performance in the debate has raised public concerns about his health and whether he can complete his presidency. 🤔

Predictions on Polymarket

Data on the decentralized prediction market platform Polymarket shows that as many as 35% of people believe that Biden may be replaced, but the probability was 50% when the debate just ended. In addition, Trump's chance of winning the 2024 presidential election has risen to 66%, while Biden's chance has dropped to 20%.

Changes in the odds of Democratic candidates

Within the Democratic Party, Biden's chance of winning has dropped to 73%, Vice President Kamala Harris's chance is 11%, and Michelle Obama (wife of the 44th President of the United States, Barack Obama) and California Governor Gavin Newsom are also seen as potential candidates, with their chances of winning 6% and 5%, respectively. Some believe that Harris and Obama have a relatively high chance of running for a second time. But my personal opinion is that the chances of a change in the Democratic candidate are slim, because Biden is still maintaining a very high support rate at the moment.

The possibility of Biden withdrawing from the election

The current chance of Biden withdrawing from the presidential election has reached 35%, and was once close to 50%. It is expected that the situation will become clearer in the coming weeks, especially before the Democratic Convention in August, when a final decision will be made.

For now, we can only wait and see who the Democratic Party will eventually choose as the 2024 presidential candidate. Whether Biden continues to run or someone else takes over, this decision will undoubtedly have a significant impact on the election.

Some people believe that no matter who runs for the Democratic Party, the Democratic candidate may not be very friendly to cryptocurrencies. What do you think? Do you think the future of cryptocurrencies will be affected by the US presidential election? 🤳

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