What Is The Performance Of Bitcoin Before The US Presidential Elections? “There are still 400 days of upward price expansion,” one analyst predicts.
Max provides a distinct viewpoint on Bitcoin’s possible performance before and after the forthcoming U.S. presidential election as the CEO and creator of the media platform Because Bitcoin.
What transpired: Max looked into Bitcoin’s historical price movement in relation to previous US elections in his most recent podcast. He found a recurring pattern: bear markets often bottom well before of elections and then gradually rise until election day.
The expert points out that Bitcoin has demonstrated consistent behavior across several election cycles, irrespective of whether an incumbent president wins reelection or not. Max notes,
Max also draws attention to the odd coincidence between Bitcoin halvings and US elections, pointing out that halvings have frequently happened right before elections and at the same time as erratic market movements. The price of bitcoin peaked on April 20 at $63,850, then on May 20 of that same year, it reached $71,400.
Although Max warns that previous success does not guarantee future outcomes, his study offers an insightful framework for comprehending the possible trajectory of Bitcoin with respect to political cycles.
