The analyst of the cryptocurrency exchange Bitfinex expressed his views on whether the outcome of the US presidential debate between Joe Biden and Donald Trump on October 27th would seriously affect the price of Bitcoin (BTC).

They believe that Bitcoin is unlikely to be drastically affected, but nevertheless, the broader market of cryptocurrencies and tokens related to the presidential candidates, called PolitiFi tokens by analysts, may experience some short-term fluctuations.

The exchange claims that both Biden and Trump have well-documented positions regarding cryptocurrencies and financial regulations. Furthermore, they believe that the market has already priced in their views, so any repetition of already shared information during the debate is unlikely to cause new volatility.

It is important to note that according to analysts, there may still be significant movement in PolitiFi tokens during and after the debate depending on the candidates’ performance, as these tokens themselves have become speculative.

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Nine Factors That Could Propel Ethereum to New Highs

While cryptocurrency regulatory frameworks may be mentioned during the debates, the specifics usually emerge from detailed political messages and legislative processes. Therefore, it is unlikely that substantial discussions regarding crypto regulation in the US will directly result from the debates.

The analysts of the cryptocurrency exchange Bitfinex have expressed their views on whether the outcome of the US presidential debate between Joe Biden and Donald Trump on October 27th will seriously affect the price of Bitcoin (BTC).

They find it difficult to think that Bitcoin, but the broader market will be seriously affected. Cryptocurrencies related to presidential candidates (referred to as PolitiFi tokens by analysts) may experience some short-term volatility.

The exchange stated that both Biden and Trump have clear positions on cryptocurrency and financial regulation. Furthermore, they believe that the market has already digested their views, so any repetition of information shared during the debate is unlikely to trigger new volatility.

It is worth noting that, according to analysts, based on the candidates’ performance, PolitiFi tokens may still experience significant changes during and after the debate, as these tokens themselves have become speculative.

Read more:


Nine factors that could push Ethereum to new highs

While cryptocurrency regulation may be mentioned in the debate, specific details usually come from detailed policy announcements and legislative processes. Therefore, substantive discussions on US cryptocurrency regulation are unlikely to directly result from the debate.