BTC Tends to Rally During Recent US Presidential Election Periods...Could Happen Again, This Time with Increased Political Interest
CryptoNewsTerminal Staff31 May, 2024
BTC Tends to Rally During Recent US Presidential Election Periods...Could Happen Again, This Time with Increased Political Interest
Historically, Bitcoin has performed well during U.S. presidential election years, with substantial rallies occurring in Q2-Q4 of each election year. This is likely due to a combination of factors, including increased political interest in cryptocurrencies and the perception of Bitcoin as a safe haven asset during periods of uncertainty. Based on past performance, as well as the increased political attention to cryptocurrencies from both Democrats and Republicans who are vying for crypto-interested voters, there is reason to believe that BTC could make another run in the lead-up to the 2023 presidential election. Of course, past performance is not necessarily indicative of future results, but it is a factor that investors should consider when making their investment decisions.
