Why Crypto Fans Will Tune In to Thursday’s Presidential Debate
Alex Moschina|June 26, 2024
We’ve said this before but it bears repeating…
Especially during an election year…
This is not a political rag.
Longtime readers know the esteemed editors at Manward Press do our best to keep out of the partisan mudslinging that seems to have become America’s new favorite pastime.
While much of the nation braces for tomorrow’s hotly anticipated debate between President Biden and former President Trump, I’ll be watching the Orioles at Camden Yards.
If all goes as planned, the only bitter rhetoric I hear will involve pitchers vs. belly itchers.
And yet…
There are times, dear reader, when we simply cannot avoid gesturing toward the goings-on in our nation’s capital.
Like it or not, the impact of what happens in D.C. inevitably makes its way to our wallets.
And that’s doubly true right now.
Take the crypto market, which is bracing for Thursday’s matchup between Biden and Trump.
Our former president recently declared that he would be the “crypto president,” citing the need for digital currencies as countries ditch their support of the USD.
“I read Saudi Arabia is willing to now go in various different currencies instead of the dollar. This is a tragedy… this is a big thing that’s happening against our country and we cannot let that happen,” he said.
Biden, on the other hand, has been painted as anti-crypto. Though it is worth noting that, under his administration, we have seen both the approval and launch of spot Bitcoin ETFs, as well as the first regulatory steps taken toward launching spot Ethereum ETFs.
Still, just the thought that there may be some discussion of crypto at tomorrow’s debate has industry insiders abuzz.
Adding fuel to the fire, a leaked email from congressman Ro Khanna (D-CA) alleged that Biden is planning to meet with some key figures – including Mark Cuban – about spurring the growth of blockchain technology.
And so, whether we like it or not, we will surely spend at least a few hours wading through the political muck over the coming days.
Many cryptocurrencies have already made enormous gains so far in 2024.
What’s said on the debate stage could push them even higher.
But as Robert explained yesterday, regardless of what happens tomorrow, many experts predict we are still in the early stages of exponential growth.
“Conservative estimates” suggest Bitcoin could reach between $176,000 and $225,000 over the next few years.
“I’m sticking to my $165,000 call for this cycle,” Robert wrote. “That’s more than a double from here. But my long-term view has Bitcoin’s market cap at least matching gold’s.”
If you missed Robert’s piece, click here. Or keep scrolling for links to everything we’ve published so far this week.
Alex Moschina
Alex Moschina is the associate publisher of Manward Press. A gifted writer, editor and financial researcher, Alex’s career in publishing began more than a decade ago when he worked at one of the world’s leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.
