With the U.S. Presidential Elections 2024 just two months away, all eyes are on the upcoming debate between former President Donald Trump and Vice President Kamala Harris. While a range of issues is set to dominate the discussion, there’s growing speculation about whether cryptocurrency might emerge as a key topic.
Could Trump use his pro-crypto stance to gain an edge, or will digital assets be sidelined once again?
Scheduled for Tuesday night at the National Constitution Center in Philadelphia, this second general election debate of 2024 will see Donald Trump and Kamala Harris square off for the first time.
This will be a crucial moment, as both candidates try to win over voters, each presenting their strengths and attacking weaknesses.
Kamala Harris is keen to demonstrate that she can make the Democratic case stronger than Biden did. Trump, on the other hand, will aim to portray Harris as an out-of-touch liberal, while positioning himself as the best option to lead the country once more.
A unique challenge for Trump will be adapting his approach to Harris, who brings distinct political and personal attributes as the first Black woman to serve as Vice President.
Amid the debate, there is speculation that cryptocurrency might take center stage. According to Ron Hammond, Director of Government Relations at the Blockchain Association, crypto isn’t a top priority for most voters.
However, Trump’s proposal to make the U.S. the “world capital” for Bitcoin might attract significant support from major donors and dedicated crypto enthusiasts. In contrast, Harris has shown limited support for the crypto industry.
Voter Interest in Crypto on the Rise
Meanwhile, a recent poll conducted by Grayscale and Harris Polls reveals growing voter interest in crypto, with 47% expecting Bitcoin to feature in their investment portfolios.
Interestingly, the divide between Republican and Democrat crypto owners is narrow, with 18% and 19% respectively, signaling that cryptocurrency may yet be a shared interest among voters.
While interest in cryptocurrency is growing, it remains a secondary concern in the broader context of the 2024 elections. Recent developments like the introduction of spot Bitcoin ETFs and Bitcoin’s anticipated halving in 2024 have boosted its appeal as an investment. However, as Hammond pointed out, crypto is unlikely to dominate the election conversation.
Even if Trump champions his pro-crypto stance, it is expected to be overshadowed by more immediate and pressing issues during the debate.
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What do you think—will cryptocurrency steal the spotlight in the upcoming debate?
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