- The long-awaited debate between Kamala Harris and Donald Trump has taken place
- By many estimates, Harris performed much better and won the debate
- The defeat of Trump, the main pro-crypto candidate, caused Bitcoin to drop 2.6%
The long-awaited debate between Kamala Harris and Donald Trump is over, and it’s too early to estimate the electorate’s numbers, but Bitcoin is already down 2.6%.
This basically happened as many pointed out that Harris felt much more confident and strongly than many expected.
Crypto Decreasing Due to Trump’s Debate Loss
The debate had quite an effect on crypto, as Donald Trump is the most unambiguous and obvious pro-crypto candidate, and his defeat drove down the price of the assets.
In particular, Bitcoin fell 2.6% before part of the drop trading at $56,600 as of 6:30 am.
Some Details of the Debate
Many noted that even at the start of the debate, Trump avoided a handshake, while Haris confidently approached him to shake hands.
During the debate, many economic issues important to the U.S. were discussed, such as the national debt, the immigration crisis, the abortion ban, the jobs problem, and others.
In each of these issues Donald Trump in his usual manner made loud statements, which worked relatively well in the debate with Joe Biden but did not work in his favor this time.
Many news commentators pointed out that his assertion had no evidence and called some parts absurd.
For example, in response to criticism from Harris regarding Trump’s reversal of the immigration bill:
“In Springfield, they eat dogs. They eat cats. They eat the pets of the people who live there. They eat the dogs, the people who came, they eat the cats, they eat the pets of the people who live there.”
On the questions on abortions, Harris gave fairly straightforward but real examples of why repealing them might not be a good idea, to which Trump did not allow himself to give a clear answer on whether he plans to ban them if he wins:
“Now it’s not connected to the federal government. I’ve done a great service in this. It took courage to do it.”
Also among his high-profile statements was that it is legal in some states to kill children, which confused many commentators, such as ABC News Lynsey Davis who did research on this and said:
“There is no state in this country where you can legally kill a baby after it’s born.”
One of the key messages Harris directly addressed to voters amid Trump’s weak performance was:
“Donald Trump has no plan for you. I’ll tell you, the one thing you won’t hear him talk about is you. And I’ll tell you, I think you deserve a president who really puts you first.”
Conclusion
Overall, we can characterize the debate as someone who prepared for it very well versus someone who didn’t prepare for it at all.
This is a big disappointment for crypto investors, as Kamalla Harrick’s policy on crypto remains unclear. However, with this speech, Donald Trump has also made many people doubt whether all of his loud statements, including those about crypto, are true.
