Bitcoin did not receive any mention in the Trump v Biden debate. However, this was overshadowed by the events of the night, including Biden’s apparent struggles during the debate. Some have raised questions about his ability to serve if re-elected.
There are now calls for someone else to run in his place. Interestingly, the value of the world’s biggest cryptocurrency briefly topped $62,000 during the debate. Predictions show a shift in favor of the digital assets sector if Trump were to win a second term, as he has promised pro-Bitcoin policies and received substantial donations from the crypto community.
After the debate, a CNN poll showed that 67% of participants believed Trump had delivered a better performance. This contrasted with the situation four years ago when Biden was seen as the victor. The shifting political momentum has led to increased donations from crypto heavyweights.
Democrats are considering options to address the situation, with some suggesting that Biden should step aside and a new nominee should be chosen. However, this presents challenges given that many state primaries have already taken place. This issue is not expected to dissipate quickly, with another debate scheduled for September.