Crypto community prepares for presidential debate, interest grows
Crypto community members are excited about the presidential election, with Polymarket odds favoring Trump.
CNBC said that analysts expect Bitcoin's price to soar if Trump wins.
Trump tokens rose after Tuesday's presidential debate excitement.
Trump led polymarket odds on Monday, reflecting increased expectation for the November US presidential election. Bernstein experts anticipate that this year's election may determine the US crypto industry's destiny.
Presidential election excites crypto community
Crypto community members are interested in Donald Trump's November presidential election triumph, according to Polymarket statistics. Trump has a 6% edge against Kamala Harris in the prediction market.
Following allegations of a supposed anti-crypto Harris government, Donald Trump has led Polymarket for over two weeks.
Today, Kamala Harris revealed her policy plan, "A new way forward." The Harris platform pledges to foster American leadership in several technologies, but not crypto. Taxes and rate reduction were priorities.
PolitiFi meme coins featuring both presidential candidates changed prices after the publication. KAMA fell almost 3% while STRUMP rose 17%.
Crypto community members await Tuesday's presidential debate, which may determine November's election result. Some members think the discussion may boost Bitcoin and the crypto market if Trump wins.
Bernstein analysts also forecasted Bitcoin price movements with alternative election results. CNBC experts say a Trump victory may boost Bitcoin's price by $80K-90K.
Harris' triumph might drop BTC to $40K-30K. The crypto business has contacted both parties, but experts say Trump and his campaign look more likely to promote crypto if elected.
The GOP has been increasingly crypto-friendly throughout the election. Democrats still lack crypto community trust.
