After the first debate, the voices calling for Biden to withdraw from the election are growing louder and louder. Although he insists that he will do his utmost to defend the democratic system, the attitude of the supporters behind him seems to be reserved, and even his family members are facing lobbying pressure from all sides.
It is worth noting that the current forecast data shows that Biden's chances of winning have dropped sharply to 19.2%, and this trend seems to be still intensifying, indicating a subtle change in the election situation. If Biden eventually chooses to withdraw from the campaign, this decision may have a far-reaching impact on the crypto field:
Crypto assets related to the Biden camp may face drastic fluctuations: Due to the change in political winds, crypto projects or assets closely associated with Biden may encounter market sell-offs and face the risk of plummeting in value. On the contrary, assets related to the Trump camp may be sought after and their prices may soar.
A rising star in the Democratic Party may give birth to a new hot spot in crypto: If the Democratic Party can quickly introduce a new high-profile candidate, his image and ideas may inspire the creative enthusiasm of the crypto community, giving birth to new popular meme coins or topics, and injecting new vitality into the market.
Intensified expectations for monetary policy adjustments: In order to avoid leaving behind economic gains that are favorable to opponents during its term, the current government may accelerate the implementation of monetary policies such as interest rate cuts. Such changes in expectations may become a new focus of crypto market speculation, driving market sentiment and price fluctuations.
Resonance between young voters and crypto support: Whichever candidate ultimately wins the White House, they are likely to increase their support for cryptocurrencies in order to win over the increasingly important group of young voters, demonstrating their openness to emerging technologies and financial innovations. The urgency of this support may increase as the election competition intensifies, bringing more positive policy environment expectations to the crypto industry.
