As America prepares for yet another presidential election, market participants are preparing for a period of volatility that is typical during the election cycle. Although the election could have implications for different investment portfolios. However, Bitcoin, the leading digital currency, is indifferent to this matter.
Looking into historical numbers, Bitcoin does not care about election winners. Lets dive much deeper into the numbers and historical data.
Republican or Democrat, Bitcoin Always Wins
Over time, Bitcoin has shown its ability to bounce back, no matter who ends up in the White House. When we look at how Bitcoin’s price moved after the 2016 and 2020 elections, we see a clear trend: big price jumps happen after these events reaching their highest point about a year after the election.
Let’s take a look at some examples. During the 2016 U.S. election when the Republicans won, BTC price was worth $703. By December 2017, its price shot up to almost $20,000.
We współpracy z: https://www.thecoinrepublic.com/2024/09/11/election-volatility-bitcoin-doesnt-care-says-analyst/
