Election Effect On Cryptocurrency

Analysts have predicted a bearish outlook for the u s.

Election effect on cryptocurrency. President donald trump last night unleashed a scathing attack on bitcoin and cryptocurrencies branding them unregulated. As we get closer to the us presidential election day online investors of different trading styles and backgrounds are looking for signs that will help them plan their next move. The bitcoin and cryptocurrency world has been reeling today after u s.

Such an event could cause investors to flock to alternative stores of value such as gold and bitcoin driving up those assets value. Here s my plan what others think can should be done. News such as 500 national security experts endorsing joe biden for president sway the odds and such news has a discernible miserable effect.

Presidential election draws near two crypto traders on twitter shared their predictions for how bitcoin s price could react to the event. The effects of the us election to the performance of crypto and financial assets. As the 2020 u s.

Some critics suggest that an election with a close or contested outcome could affect traditional markets or cause a drop in the value of the u s. Dollar as the country s 2020 presidential election approaches. 0 00 market recap.

Indeed komodo s kadan stadelmann said that we re seeing this election affect the cryptocurrency markets in a positive way if anything the younger generations are beginning to take notice of the fact that bitcoin has decoupled from the traditional markets he added. Bitcoin on the other hand stands to gain from the election. How will the presidential elections affect bitcoin the cryptocurrency market.

The effects of the us election to the performance of crypto and financial assets. If we have a clear winner and an easy. One analyst says gold will correct with donald trump s victory followed by the collapse of the u s.