Bitcoin and the US Election: Stop Oversimplifying 🙅

I keep seeing these ideas floating around:

• US elections make Bitcoin pump.

• Bitcoin always pumps x days after a U.S. election

• Or my favorite: If Trump wins, Bitcoin will go to [enter your preferred 6-digit amount here 😉].

New president, and suddenly Bitcoin takes off.

Let’s cut through the noise—that’s nonsense.

Sure, Bitcoin has gone up after recent elections—no doubt. I am aware of the charts.

But saying the election caused it? That’s a huge oversimplification. Here’s what’s really going on.

Let's have a look at the situation in the years of the last elections:

• 2012: The world was recovering from a financial meltdown. Markets were rebounding, driven by real economic recovery—not just because someone new was in the White House.

• 2016: Central banks flooded the market with cash as China’s growth slowed. The election was just another event in a much larger economic context.

• 2020: The pandemic led to massive stimulus efforts. That’s what drove the markets, not who won the presidency.

Each time, major economic forces were at play. The election might have coincided with Bitcoin’s rise, but let’s be real—it wasn’t the driving factor.

So what does this mean for Bitcoin?

It means stop thinking a single election (or a particular president) will make or break Bitcoin.

The real drivers are economic fundamentals, which are much more complex than “election equals price pump.”

History shows that the election is just one small piece of the puzzle, even in a market crisis.

Let’s stop with the oversimplifications. Focus on what really moves the market—fiscal policy, global trends, and solid economic analysis.

That’s where the truth lies, not in election hype.

#MarketExperts #TrumpCryptoSupport #PresidentialDebate #Election2024