The 2012, 2016, and 2020 Post-Election Performance of Bitcoin
On average, Bitcoin's price has risen by more than four thousand percent in the four hundred days after a U.S. presidential election.
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Following the 2012, 2016, and 2020 U.S. presidential elections in particular, Bitcoin has shown an impressive trend of increase. On average, Bitcoin's value has increased by almost four thousand percent in the four hundred days after each of these electoral events, according to an examination of its performance.
A research from experts at ETC Group suggests that the alignment of important components during certain times might be a possible reason for this tendency.
During these election years, two major factors were Bitcoin halving occurrences and the troughs of the US economy cycle. Every four years, the number of Bitcoins available for purchase is halved, a move that is known to boost demand and, therefore, price volatility.
One possible factor is the fact that investors seek for alternative assets, like as Bitcoin, at the troughs of the US business cycle, when the economy is often unstable.
It seems that these elements have combined in each of the prior election cycles to cause Bitcoin's price to skyrocket.
Some market watchers are predicting that after the 2024 US presidential election, Bitcoin might see another surge in value due to a confluence of variables similar to the present cycle. But, as is the case with every market, historical performance does not always portend future outcomes.
