Once Obama was re-elected in 2012, the price of Bitcoin traded in the triple digits, oscillating between the $100 mark and $200 resistance. Fast forward a year on, and the bulls were raging in the market. Towards the end of the inauguration year, in November 2013, the price of BTC boosted over 520% during the month of November to set a then all-time high at $1,152 USD on December 6 th, 2013 ... Bitcoin was in its’ infancy during the 2012 presidential election, when the first platform for bitcoin betting was created. In April 2012 ShapeShift CEO Erik Voorhees launched SatoshiDice. The ... Bitcoin has gone through two US elections – precisely in 2012 and in 2016. There weren’t long ago, however, since then the asset class, in general, has come a long way, and drawing conclusions based on the previous two events may not wise. However, historically, November is usually a strong month for BTC, as it recorded five gains and two losses with a median return of 10.97% since 2013. Presidential elections in the United States happen every four years — and it's interesting to note that they follow the same cycle as Bitcoin halving events. Let's begin by taking a look at how Bitcoin fared in the past two U.S. elections. Back in 2012, when the crypto assets space was immature and in a very nascent phase, BTC was fairly muted when Barack Obama secured a second term, and ... History data shows Presidential elections always make a turning point for BTC as they are serious catalyst when it comes to economic trends. The history data shows Presidential elections are always making a turning point for bitcoin as they are considered as a serious catalyst when it comes to economic trends. 4 Wednesday November 2020. About ; Advertise; Submit Press Release; Contact Us ... Bitcoin was lower, searching for direction as uncertainty over U.S. election results hung over global markets.Prices were down about 2.2% to about $13,700, staying roughly in their range over the ... The U.S. election happens every four years, which coincides with Bitcoin’s halving. The last three elections have different effects on the price of bitcoin. In 2012, when Barack Obama secured a second victory, bitcoin was dull, but still, put up a hard fight and remained $10. A year after the election, BTC surged a remarkable 2,221% as it hit ... Bitcoin has been rallying hard so far this year, boosted by both the world's biggest tech companies taking an interest in bitcoin and cryptocurrencies and the assumption that institutional demand ... US Presidential Election Unlikely to Alter Bitcoin's Path: Analyst. Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price's upward ... Key Takeaways Bitcoin saw significant price gains following the past two U.S. elections in 2012 and 2016. This year’s controversial election could evolve into a long-term dispute, and it is not clear whether the trend will hold true. Other factors, such as Bitcoin’s halving, will probably have a much greater effect on Bitcoin prices. Share […]
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