Overview: Copper Research highlights that Bitcoin's price fluctuations are more closely tied to the U.S. dollar's strength rather than direct political events, challenging common market assumptions.
Key Insights:
Primary Influence: Bitcoin’s price correlation is predominantly linked to the U.S. dollar's strength, not specific political happenings.
Political Impact on USD: Historically, the U.S. dollar tends to weaken under Republican administrations and strengthen with Democrats in power.
Bitcoin vs. USD Dynamics: Bitcoin's price typically moves inversely to the U.S. dollar.
Long-term Trends: Longitudinal analysis shows the U.S. dollar's performance is influenced by the ruling political party, impacting Bitcoin indirectly.
Political Events and Bitcoin: Short-term political events may cause price volatility, but Bitcoin’s broader price trajectory aligns more closely with the strength or weakness of the U.S. dollar.
