Crypto Not Mentioned in Trump-Harris Debate

The September 11 debate between Kamala Harris and Donald Trump featured familiar topics such as the economy, immigration, and foreign policy. Although crypto was a hot topic, neither candidate mentioned it.

On the morning of September 11, the first live debate between US presidential candidates Kamala Harris and Donald Trump in Philadelphia was extremely tense with familiar and controversial topics revolving around the economy, abortion rights, immigration, and foreign policy as predicted.

Although cryptocurrency has emerged as one of the hottest topics in this year's US presidential election, during the tense 90 minutes of the debate, neither candidate mentioned this field. This was a disappointment to investors and the crypto community, who had been hoping to hear more about the candidates' plans and policies regarding cryptocurrencies.

Economy and immigration debate

The debate heated up from the start as Harris and Trump clashed over economic policy. Harris criticized Trump's economic policies during his previous term, saying they contributed to the growing trade deficit. Trump, in turn, highlighted his tariffs, pledging to protect the US economy from unfair foreign competition. Harris countered, saying Trump had left a "record-high" trade deficit for the Biden administration.

Immigration was also a hot topic during the debate. Harris sharply criticized Trump's immigration policies, blaming him for scuttling a bipartisan bill related to border security.

Meanwhile, Trump made false statements about immigrants, including accusing them of increasing crime and being a burden on American society, which the program coordinator had to intervene to correct.

Abortion

Abortion rights were a major topic of contention during the debate. Harris criticized Trump for appointing three Supreme Court justices who overturned Roe v. Wade, which took away federal abortion rights. She noted that this led many states to enact strict bans that undermined women's control over their bodies, especially in conservative states.

Trump defended the decision, arguing that giving power to the states was a more democratic solution and allowed people to decide their own fate. Trump asserted that some states allow abortion after birth, which the program coordinator quickly refuted and pointed out that Trump's statement was incorrect. Specifically, former Virginia Governor Ralph Northam never made any suggestions about abortion after birth as Trump had hinted.

This was considered one of the moments when Trump was strongly refuted, making viewers feel that he "fell off the horse in just one sentence". This incident further increased the controversy about the accuracy of Trump's statements during the debate.

Thanks to Harris's stance, famous singer Taylor Swift decided to publicly support her after the debate. Swift believes that Harris represents the values ​​that she cares deeply about, especially protecting women's rights. The support from the singer not only increased Harris's reputation but also attracted a large number of young people and fans of the singer to stand by Harris.

Israel

Trump declared that if he were still President, the conflict in Israel would not happen, and warned that "Israel will not exist in two years" if Harris wins the election. This statement shocked the audience and immediately created a huge controversy. Harris quickly rejected Trump's views, saying that he was trying to spread fear and weaken the role of the United States in the international arena. She affirmed that, if elected, her policy would continue to support Israel and ensure security for the Middle East region.

The debate on Israel not only revolved around the opposing views of the two candidates on foreign policy but also attracted great attention from the international community. In the context of the Middle East region facing many fluctuations, this debate became the center of attention, with views on Israel's security and future becoming an important issue in the US presidential election.

Impact on crypto markets

Although crypto was not mentioned in the debate, the crypto market was still strongly affected. After Harris was rated higher for his firm stance and calm demeanor, the price of Bitcoin fell more than $2,000 from its peak of $58,000 and is currently hovering around $56,400.

According to analysts at Bernstein, the US presidential election results will determine whether Bitcoin is worth $30,000 or $90,000.

Trump, who has pledged to end the "war on crypto" that he blames on the Biden administration and vowed to make the US the "cryptocurrency capital of the world," is expected to push the price of Bitcoin to $90,000 if he wins in November.

On the other hand, if Harris wins, her ambiguity on crypto, along with her accusation that “Bitcoin is money for criminals,” could cause market volatility that could send Bitcoin prices plunging to $30,000.

Polymarket Betting Odds

The debate changed the landscape of the Polymarket betting odds for the 2024 US presidential election, bringing the two candidates to a 49% tie after Trump had maintained a long-standing lead of 53%.

Before the debate, the community bet that the probability of Trump and Harris working together was only 30%, with a total of $360,000 in bets. However, when the two officially shook hands at the start of the event, the moment became the center of attention because it was the first time Trump had shaken hands with an opponent since the 2016 debate with Hillary Clinton.

A user with the nickname "trumpisreal" earned more than $10,000 USDC after correctly predicting that Trump would mention "Springfield" and "Cat" during the debate. These words were a reference to Trump's controversial statements that Haitian migrants in Springfield, Ohio, were eating pets.