🚨 After the U.S. Presidential Election, Speculations on Bitcoin Price Trends!
As the U.S. presidential election draws closer, we can't help but ask: will this be the last time Bitcoin falls below the $70,000 mark? Historical data shows that during past election weeks, Bitcoin has always rebounded after hitting a low, and has not fallen below those price levels since.
Look at this astonishing chart: before the 2012 election, Bitcoin was only $12; in 2016 it was $720; and in 2020 it was $14,900. After each election, Bitcoin skyrocketed like a rocket!
Therefore, some believe that if history repeats itself, Bitcoin may never fall below $70,000 again. Just think, earlier this week, Bitcoin surged to $73,600, only a little short of its historical high, but ultimately fell back below $69,000.
Speaking of the election, who is more favorable to Bitcoin, Trump or the Biden administration? Trump seems to be more supportive of cryptocurrencies, not only using Bitcoin to buy hamburgers but also promising to make mining thrive in the United States. In contrast, the Democratic Party led by Biden and Harris seems less enthusiastic about this topic and has not put forward substantial effective plans and policies.
But let's not forget, Trump was previously a critic of Bitcoin. Therefore, for us cryptocurrency enthusiasts, merely talking without offering actual policies and strategies is far from enough. So, regardless of who ultimately wins, we hope they can implement policies that support cryptocurrencies!
Do you think this election will be another turning point for Bitcoin? Who is more likely to promote the rapid development of Bitcoin, Trump or Harris? Leave your thoughts in the comments!
