🇺🇸CK Zheng, chief investment officer at ZX Squared Capital, believes Bitcoin's price will be positively impacted by the upcoming US presidential election, irrespective of the winner. He points to the historical correlation between Bitcoin's performance and key events, noting that the impending halving in April typically leads to significant fourth-quarter gains.
Zheng argues that both major US political parties have overlooked critical issues like the rising national debt, which could further boost Bitcoin's appeal as an alternative asset. Historical data supports this perspective, as Bitcoin has often surged during election cycles and fourth quarters. For example, in 2020, following the last halving and the presidential election, Bitcoin rose by 168% in the fourth quarter.