Could Bitcoin Volatility Tip the Scales in the US Presidential Debate?At 9:00 AM this morning, US presidential candidates Harris and Trump will face off in their first debate on ABC News. Institutional analysts believe investors can look to Bitcoin's movement during the debate for clues on who might be gaining the upper hand
Could Bitcoin Volatility Tip the Scales in the US Presidential Debate?
At 9:00 AM this morning, US presidential candidates Harris and Trump will face off in their first debate on ABC News. Institutional analysts believe investors can look to Bitcoin's movement during the debate for clues on who might be gaining the upper hand.
Looking back at the June debate between Trump and Biden, Bitcoin saw a significant surge, primarily attributed to Trump's public turn toward supporting cryptocurrencies during the debate. This fluctuation suggests Bitcoin could serve as a real-time gauge of the relative performance of the candidates.
If Bitcoin experiences an upward trend during the Harris-Trump debate, it might indicate that the audience perceives Trump to be performing better. This is because Harris has yet to elaborate on her policy stance regarding digital assets, while institutions like the SEC have taken a series of actions against the crypto industry under the current administration.
However, institutions also add that while cryptocurrencies might offer some insights, their mysterious and volatile nature makes them unreliable as a solitary basis for judgment.
This article originated from the Financial World AI Telegraph.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
