Will US elections skyrocket or tank Bitcoin price? Plus North Carolina bans CBDC

Rise’n’Crypto

The first US presidential debate between Donald Trump and Vice President Kamala Harris took place last night and had a noticeable impact: Bitcoin’s price fell slightly, and Trump’s odds of election victory dropped 3% on Polymarket. This raises questions over what sort of impact the election’s outcome in November may have. Bernstein analysts predicted that a Trump victory could send BTC to $90,000 by the end of the year, while other analysts have suggested a Harris victory could spell a $30,000 price. Japan’s Metaplanet seems unphased, though, as it gets back to scooping up sats, becoming the third largest corporate holder in Asia. And that’s just Bitcoin! There’s a lot more I need to catch you up on, so carve 10 minutes out of your day for a debrief.
Further reading:

• Bitcoin drops on Trump-Harris debate, with BTC price down 2.2% pre-CPI
• Bitcoin shorters ‘likely to get burned’ if CPI prints as expected
• Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC
• Harris-Trump debate: Trump’s odds to win election fall 3% on Polymarket
• Crypto becomes US election issue for the first time — Survey
• North Carolina Senate overrides governor veto, passes bill banning CBDC

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