Analysis of Potential Impact of U.S. Presidential Election on Bitcoin and Crypto Markets
In analyzing the potential outcomes of the upcoming U.S. presidential election on Bitcoin and the crypto market, I believe:
The majority favour Trump, but I don't foresee his presidency benefiting Bitcoin or the crypto market. Instead, his election could lead to increased volatility due to his unpredictable statements.
Reflecting on the last presidential election, the belief that circulated then caused many to short Bitcoin, resulting in liquidation. Conversely, Biden's victory saw Bitcoin's price Skyrocketed and the crypto market's capitalization increased. Biden's tendency to avoid market-shaking statements contributed to market stability.
It's important to note that the impact of either candidate's victory won't be immediate; policy changes under a new administration take time to materialize. Moreover, Bitcoin's core objective remains decentralized and unregulated, distinct from seeking adoption by nations.
Please contribute additional insights or points I may have overlooked.
If you have any Analysis,Please correct mine !!!
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