The presidential debate between Trump and Biden did not include any discussion of Bitcoin or cryptocurrencies. However, experts believe that if Trump is re-elected, there could be a shift towards more positive regulatory conditions for the crypto industry in the US. 🇺🇸💰
Bitfinex analysts highlighted Trump's support for Bitcoin and other cryptocurrencies. They added that the Trump administration could focus on creating an “open and supportive” regulatory framework that encourages “innovation and investment” in the crypto sector. This could result in increased adoption of digital assets and a stronger integration of cryptocurrencies into the financial system.
Trump's acceptance of Bitcoin and crypto donations and dubbing himself the "CryptoPresident" highlighted his shift from a critical to a more positive stance during his presidency. These gestures by Trump made him perceived as a pro-innovation candidate within the crypto and traditional finance (TradFi) communities.
According to the latest data, Trump appears to be ahead after the last debate, without mentioning cryptocurrencies. Bernstein analysts believe cryptocurrency could become the primary 'Trump Trade' in the current election cycle if Republican prospects improve and the standard-bearer adopts an increasingly pro-crypto stance. 🗳️📈