Election Debate 2024: Will Crypto Take the Spotlight?

DAILY MARKET OVERVIEW
Can Crypto Find Its Moment Tonight?

👋 Happy Tuesday, Crypto Enthusiasts! A lot is unfolding in the crypto world today, let's dive right in!

The highly anticipated debate between Donald Trump and Kamala Harris will take place tomorrow, September 11th, at 4 am EET. While the debate promises to cover major issues like the economy and inflation, don’t expect much talk about crypto.

🤔 Why Crypto Might Not Be Discussed

Crypto isn’t a top issue for most voters, according to Ron Hammond, Director of Government Relations at the Blockchain Association.

Although Trump has expressed support for making the U.S. the "world capital" of Bitcoin, that alone might be enough to secure support from the crypto community and big donors without mentioning it in the debate. Meanwhile, Kamala Harris has been mostly silent on the issue.

❓️ What Voters Care About

While interest in crypto is growing, with close to 50% of people expecting to own Bitcoin, a recent poll shows that most voters care more about inflation, jobs, and national security. Crypto remains lower on the list of top priorities for the majority of voters.

❔ How the Election Could Impact Crypto?

Even if crypto doesn’t come up in the debate, the election outcome could significantly impact Bitcoin and other cryptocurrencies.

A report from AB Bernstein suggests that Bitcoin’s price could rise to $80,000-$90,000 by the end of the year if Trump wins due to his crypto-friendly policies. If Harris wins, Bitcoin’s price might drop to $30,000-$40,000, given her administration’s stricter stance on crypto regulations.

So, while crypto might not be a big talking point during the debate, the election itself could have huge implications for the industry. Keep an eye on the debate, crypto’s future could still be on the line, even without being directly mentioned!

THIS NEWSLETTER IS BROUGHT TO YOU BY:
OPENWALLET

Next-level security for your digital assets

Experience top security with Open Wallet. Your wallet blends user-friendliness with strong security.

TWITTER SENTIMENT
🚨 Big Bitcoin Shakeout Coming?

VirtualBacon, a popular crypto investor, is warning that Bitcoin could drop to as low as $43K in the next few weeks. But don’t panic, he believes this dip is just the final shakeout before a major bull run.

What You Need to Know:

• No Bear Market: Despite short-term drops, a long-term bear market is unlikely. With the Fed set to cut rates, more money will flow into the market, boosting Bitcoin.

• Strong Support Around $43K-$49K: Bitcoin has a history of bouncing back from this level, so a dip isn’t the end of the road.

• Patience is Key: Avoid risky bets or using leverage. Hold onto strong assets like Bitcoin and Ethereum and ride out the volatility.

Stay calm, and don’t let fear make you sell. This could be the final dip before Bitcoin takes off!

NEWS OVERVIEW
The Latest Crypto Headlines 📰 

FBI: Crypto Involved in 87% of Investment Fraud in 2023
The FBI revealed that 87% of all U.S. investment fraud in 2023 involved cryptocurrency, with losses totaling $3.96 billion.

Japan’s Metaplanet Buys $2 Million More in Bitcoin
Japanese investment firm Metaplanet bought an extra $2 million in Bitcoin, increasing its total Bitcoin holdings to nearly 400 BTC.

Polygon Invests $5 Million in Chips for Faster Crypto Tech
Polygon Labs is investing $5 million in custom computer chips to speed up zero-knowledge cryptography, helping its AggLayer project grow.

Paxos Expands Stablecoin Services to Arbitrum
Paxos is launching its stablecoin services on Arbitrum, an Ethereum Layer 2 network, aiming to increase its role in decentralized finance.

YOUTUBE INFLUENCER SUMMARY 📷️ 
Miles Deutscher - The Only 5 Altcoins You Need To Get RICH This Cycle! (10.09.2024 Summary)

In this video, Miles shares his strategy for a simple, focused crypto portfolio with just five altcoins. He believes you don’t need many coins to succeed just a few in popular sectors that will gain attention in the next bull run.

Here are his top five picks:

• Solana (Layer 1 Coin): Solana is a reliable choice for blockchain infrastructure. Miles thinks it's set to perform well, especially with its current low price, making it a good buy.
  

• WIF & Pepe (Meme Coins): Meme coins are still driving the market. WIF is tied to Solana, and Pepe is strong on Ethereum. Both have survived market drops and remain solid picks.
  

• Mantra (RWA Coin): Mantra leads the Real-World Asset (RWA) sector. Miles sees this sector gaining attention, and Mantra’s fundamentals make it a solid investment.
  

• TAO (AI Coin): AI is a growing trend, and TAO is Miles' top pick. It has a smart supply system like Bitcoin, making it a strong choice for the future.
  

• Sundog (Special Mention): Sundog, a meme coin on the Tron network, is gaining popularity and could see big gains if meme coins continue to rise.

Miles advises keeping your portfolio focused on a few key sectors to maximize gains, avoiding too many coins that could dilute returns.

Ivan On Tech - BITCOIN: WTF NO WAAAY!!!!! (russia) (10.09.2024 Summary)

IvanOnTech is very excited about Bitcoin's future and believes it’s on the rise. He explains that Russia is becoming a big player in Bitcoin mining because of its extra energy.

• Due to sanctions, Russia can’t sell as much oil and gas, so they are using this leftover energy to mine Bitcoin.

Ivan says this is important for Russia's national security, as it allows the country to stay connected to the global financial system.

He believes Bitcoin is becoming more valuable and necessary for countries like Russia and El Salvador, which are integrating it into their financial systems.

Ivan explains that Bitcoin is safer than real estate or stocks because it’s not tied to any country or company, avoiding "counterparty risk." This makes it more stable long-term. He also shares Michael Saylor’s prediction that Bitcoin could reach $13 million per coin in 20 years as more global money flows into it.

In short, Ivan believes that Bitcoin’s future is very bright. It will either go up to millions of dollars or go to zero, but he’s confident it’s going up because of how useful and secure it is. With more countries adopting Bitcoin and using it in new ways, he sees it as an unstoppable force that will only grow.

CRYPTO MEMES