Bitcoin

How has Bitcoin price reflected previous US presidential elections?

- On November 5, 2012, BTC was trading at $10.80 and by December 2013, BTC had reached $1,250.

- During the US election on November 5, 2016, BTC was trading at $703 and by the end of 2017, BTC price had skyrocketed and almost reached $20k.

- On November 5, 2020, BTC was trading at $15,579 and by November 10, 2021, the price had reached almost $69K.

Since BTC's inception, history shows that BTC prices have increased sharply after each US election and peaked about a year later to complete a cycle.

This time too? Or will this be different?

It's fascinating to see the historical correlation between US presidential elections and Bitcoin's price movements. If this trend continues, we might expect a price surge after the 2024 election, potentially reaching new highs.

Fascinating observation! Previous election cycles have indeed shown a strong correlation between US presidential elections and Bitcoin price surges, with prices peaking roughly a year later. Will this pattern continue or is it about to break?