๐ฐ How do US elections affect the price of $BTC
There's a trend of growth immediately after elections and a small rise leading up to them.
Why is this happening? In the run-up to the election, the old administration is pushing the markets up a bit to show power and prosperity under them.
When a new administration takes office, they also tend to push markets to showcase the correctness of their election. Additionally, geopolitical uncertainty right after elections influences investors to seek defensive assets, including $BTC.
The next US elections will take place on November 5, 2024.
