HashKey Jeffrey: Trump-Harris presidential debate ends, cryptocurrencies may fluctuate in the short term

In the first televised debate of the US presidential election that just ended, the two candidates debated fiercely on issues such as the economy, immigration, abortion, and national security. Trump performed poorly compared to his opponent Harris. Harris put Trump on the defensive in the fierce debate, the New York Times summarized the debate. According to Polymarket data, after the debate began, Harris's probability of winning the debate has reached 94%, which seems to have hinted at the outcome of the debate. But another data from polymarket shows that the winning rate of the 2024 US election is still relatively close, both at around 49%. In addition, the latest polls show that Harris's approval rating is 47.1%, slightly higher than Trump's 44.4%. Although the two sides did not involve cryptocurrencies in the debate, it can be seen that as a reference trend, the price of Bitcoin plunged in the short term during the debate between the two sides, falling below $57,000. In contrast, Bitcoin rose sharply in the short term when Trump and Biden debated in June. It is expected that the cryptocurrency market may face shocks in the short term, but everything has not yet been settled. Harris has been running for a relatively short time, so there is still room for her to clarify her stance on a series of policies, especially her attitude towards cryptocurrency, which is more like a "blank sheet of paper" and remains to be seen. At present, her proposed list of policy positions for the future presidential administration does not mention crypto-related topics, but only promises to support the development of the artificial intelligence industry and emphasizes the importance of cultivating "other cutting-edge industries in the future." A recent national poll conducted by The New York Times and Siena College found that 28% of potential voters said they need to know more about Harris. It should be clear that no matter which president is elected, the rise of Web3 is already a historical trend. For the Democratic Party or the Republican Party, they objectively need to win votes, but they need to win the historical merit of leading the Web3 technological revolution. Therefore, no matter who becomes the president of the United States in the future, they will eventually firmly support Web3, which is an inevitable move in line with the tide of history.