Key Points
- The 2024 presidential debate overlooked cryptocurrency, leaving the crypto community disappointed.
- Despite the lack of discussion on crypto, Bitcoin and altcoins exhibited bullish trends post-debate.
The 2024 presidential debate featuring President Joe Biden and former President Donald Trump has concluded. However, the crypto community was left unsatisfied as the debate did not touch upon the expected regulatory issues or concerns related to the cryptocurrency industry.
The debate, which lasted for 90 minutes, covered a variety of topics such as abortion and immigration. However, digital assets were not discussed. This was surprising considering the increasing interest in cryptocurrency among candidates and lawmakers during this election cycle.
Reactions to the Debate
Despite the lack of mention of cryptocurrencies in the debate, Trump’s earlier pro-crypto stance seems to have worked in his favor. Anthony Scaramucci, founder of SkyBridge, appeared to change his previously positive views on Biden after the debate.
According to a CNN poll, 67% of viewers believed Trump won the debate, with only 33% voting for Biden. Andrew Yang, co-chair of the Forward Party, also critiqued Biden’s performance.
Crypto Market Response
In response to the lack of discussion on cryptocurrency during the debate, an analysis was conducted to determine its impact on the crypto market. Bitcoin, the leading cryptocurrency, entered a recovery trajectory after the debate.
Data from IntoTheBlock confirmed a bullish trend among altcoins, with bulls significantly outnumbering bears on the day of the debate. However, Biden-inspired memecoins like Joe Boden [BODEN] and Trump-inspired memecoin Doland Tremp [TREMP] saw significant declines after the debate.