From Election to Bull Market: Will Bitcoin Surge Again?

Looking back at the history of Bitcoin, every time the results of the U.S. presidential election come out, the price of Bitcoin often experiences a notable surge: it rose by 2300% in 2012, 330% in 2016, and 380% in 2020. However, the 'behind-the-scenes driver' of these increases is actually Bitcoin's halving cycle. Halving reduces supply, laying the foundation for the price of Bitcoin to rise, while market sentiment during the election period plays a boosting role.

In 2016, it wasn't just the halving that drove growth; the crypto industry also witnessed the rise of Ethereum. The smart contracts and decentralized finance (DeFi) brought by Ethereum expanded the application scenarios of blockchain, attracting a large influx of capital, injecting new vitality into the crypto market.

In 2020, the global pandemic triggered unprecedented easing policies, and Bitcoin gradually came to be seen as 'digital gold,' attracting significant capital interest. In the same year, PayPal announced support for cryptocurrency transactions, further propelling Bitcoin into mainstream visibility, and market enthusiasm reached unprecedented heights.

Now it is 2024, and the election results are about to be announced. The price of Bitcoin is firmly above the EMA average line, and a bullish trend has begun to take shape, just like during the last two election periods. Will history repeat itself again? #英国养老金计划配置BTC #ETHBTC汇率新低 #美联储利率决议来袭 #以太坊白皮书11周年 #美国大选后叙事观察