Fri 28 Jun 2024 ▪
3
min of reading ▪ by
In the current political landscape, it is surprising to note that the presidential debate between Joe Biden and Donald Trump did not address the crypto issue. This noticeable absence had a direct impact on the market, particularly on politicized meme coins known as PolitiFi.
Crypto excluded from the presidential debate!
During the 90 minutes of the presidential debate, a notable silence hung over the issue of cryptocurrencies. Neither Donald Trump nor Joe Biden addressed this hot topic, despite its growing importance in the global economy. This omission left the crypto community in suspense, questioning the future of regulation and adoption of digital currencies in the United States. Their silence is all the more telling as it perhaps reflects ignorance or reluctance to discuss a booming industry and its potential impact on traditional finance.
The non-mention of crypto during the debate was a disappointment for the crypto community. The latter hoped for recognition, especially from Trump, known for his favorable approach to crypto. With millions of Americans owning cryptocurrencies, it is crucial that economic issues related to this technology are discussed in national political discussions.
The market did not take long to react
The PolitiFi meme coins, which derive their value from political engagement and investor sentiment, saw a significant drop following the debate. Coins like MAGA (TRUMP) and Jeo Boden (BODEN) saw their value drop by 14.1% and 32.5% respectively. This volatility highlights the sensitivity of these digital assets to major political events.
The absence of discussion on crypto during the presidential debate raises questions about the future of crypto regulation in the United States. As candidates prepare for the next debate, the crypto community remains in anticipation of clear policy and recognition from political leaders.
The presidential debate highlighted the fragility of PolitiFi meme coins and the need for a more in-depth political discussion on crypto. Investors and crypto users must remain vigilant and informed, as the political landscape can significantly influence the market.
Maximize your Cointribune experience with our ‘Read to Earn’ program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.
Click here to join ‘Read to Earn’ and turn your passion for crypto into rewards!
Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Credit: Source link