Us Election And Bitcoin

President donald trump s arrival in 2016 was much more interesting.

Us election and bitcoin. However it is worth noting that roughly a year later bitcoin climbed to. An election outcome where joe biden defeats donald trump in the presidential race and democrats win a majority in both chambers of congress would most likely mean more financial stimulus but could trigger the federal reserve to raise interest rates earlier than expected. Why the upcoming us election is bitcoin s biggest risk.

The us election and covid 19. The early projections suggest former vice president might have an advantage over the current president donald trump. Bitcoin btc eyes 20k as the us presidential election counting nears end.

Biden s win of the us presidential election could have different effects on bitcoin and defi cryptos oct 20 14 47 gmt if joe biden becomes a president btc will grow. As the virus s economic impact wreaks havoc worldwide opinions have been divided on just how bitcoin is correlated with more traditional assets. Gold traditionally the safest asset in a financial crisis has had competition from cryptocurrency investors this year.

Gold set a new all time high but has since pulled back. When the result was first confirmed bitcoin shot up by 3 8 from 709 to 736. Fast forward to november 2013 one year on from his re election and bitcoin had surged by 2 221 to hit 253.

Bitcoin broke up through 12 000 but is now crashing. Bitcoin s price failed to react immediately after the 2016 election rising a scant 1 8 in the 24 hour trading period. Tony spilotro tonyspilotrobtc sep 02 2020 15 36.

As the presidential election in the united states looms investors are rushing to safe haven assets like gold and bitcoin as the market prepares for uncertainty according to a precious metals. What would it mean for bitcoin btc if the democrats manage to pull off a clean sweep in the coming us elections. Bitcoin and the 2020 us presidential election.