Us Election Effect On Bitcoin Price

How will the us election impact the price of bitcoin.

Us election effect on bitcoin price. In the meantime according to safetrading expectations it is clear that the price of btc will be affected. The bitcoin price has soared in the run up to the. Bitcoin is already one of the best performing assets of the year up around 70 year to date he said.

Firstly if biden wins the presidency at the. President donald trump s arrival in 2016 was much more interesting. Since the crash at the beginning of september when the price plummeted from usd 12 000 to briefly below usd 10 000 bitcoin has been trading in a price range of usd 10 000 to usd 11 100 and is currently not finding a.

Presidential election draws near two crypto traders on twitter shared their predictions for how bitcoin s price could react to the event. All these factors are bound to affect bitcoin s price movement since the us is home to the largest number of crypto adopters with a late 2019 survey showing that 36 5 million americans have invested in cryptocurrencies. Under these circumstances the hash rate of bitcoin is still showing an uptrend so the price of bitcoin will show increases for quite a long time.

If we have a clear winner and an easy. According to alex krüger an election victory by donald trump could lead to an even stronger bull run. Bitcoin price may experience high volatility due to the upcoming us presidential election.

As the 2020 u s. Devere ceo nigel green believes that the u s. When the result was first confirmed bitcoin shot up by 3 8 from 709 to 736.

Additionally coinbase reported a hike in bitcoin buys worth 1200 right at the time when the government was issuing. Fast forward to november 2013 one year on from his re election and bitcoin had surged by 2 221 to hit 253. In view of the uncertainty caused by the us elections in early november the bitcoin price could remain in a range between usd 10 000 and 11 100 for the time being.