Election Effect On Bitcoin

As the 2020 u s.

Election effect on bitcoin. We re less than a month away from finding out what will happen to bitcoin as a result of the us election. Bitcoin has had a sensational year and its price has soared in the past few months. President donald trump s arrival in 2016 was much more interesting.

Analysts predict us presidential election outcome could collapse dollar boost bitcoin and gold analysts have predicted a bearish outlook for the u s. If we have a clear winner and an easy. If everything concerning the election the results especially go smoothly bitcoin price may not show many actions.

If the results are delayed this may create uncertainty and volatility in the stock market and traders may seek an alternative to the market and btc will be an option. When the result was first confirmed bitcoin shot up by 3 8 from 709 to 736. All eyes are on the us election this week and even with only one day to go there is still considerable uncertainty surrounding the outcome.

In 2012 shortly after bitcoin was first introduced and barack obama won a second presidential term the price of bitcoin remained around 10 90 according to coinmarketcap. The 2020 election may affect the price of bitcoin positively. To figure out more precisely what will happen to the btc price it may be worth considering how previous presidential elections have played out.

As we approach the date of the election the outcome will become more clear. According to alex krüger an election victory by donald trump could lead to an even stronger bull run. Bitcoin has an unyielding apolitical nature which oddly enough makes it a political statement in today s rampantly politicized world.

Firstly if biden wins the presidency at the. In this episode of bitcoin magazine s fed watch my co host christian keroles and i discuss the recent u s. Fast forward to november 2013 one year on from his re election and bitcoin had surged by 2 221 to hit 253.