Bitcoin Forum

https://twitter.com/Travis_Kling/status/1311101954949443584

This tweet gives me a good chuckle, 2016, the price is below $1k, and now the the US has again, had their first Presidential debate, the price is well above $10k, so that's more than 10x gain in four years.

Wonder what will be the next price four years from the next Presidential debate? could the pattern repeats itself.

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Are you imagining that it will go 10x again for the next presidential debate? Very possible.

We knew how volatile bitcoin is and for the past years, the increase that it made was incredible. Not mentioning the drop as it's also going to cause the same.

Yes. 10 times again. I'd be rich if bitcoin goes to a flat $100K

I don't see it going to 100k, but certainly much higher in 4 year period. Maybe like 40-50k

Well thats not too far off from what I said but ok

If you can hold until that day comes, many of us will have that amount to sell.

Can you endure until that day comes? won't you sell if it hits $20k, $50k, $75k?

true. Better to just hold and come back 10 years later.

i don't want to distract the party mate but i think x10 is far from happening,I am not saying that we don't want this to come because for sure all of us in this forum are aiming for this but this is too soon for that to expect.

x2 is even much higher this time so lets be calm and don't expect too much because beyond when we expect can be a failure.

10 years later! emmm, I believe Bitcoin will be 15x the current price...
becoming a HODLer is not as long always bad, it's very easy and has potential for make big profits. btw, I'm not really sure what other people say that the US presidential election affected the price of Bitcoin.

Me neither but apparently its a landmark or something. People interpret the U.S election as 4 years, so when I say I'm gonna be rich when the next election takes place which roughly interprets to 'I'm gonna be rich in 4 years.'

That's quite a long waiting time. But if you think that you can go for that long, it's fine.

I'll just remind you that you can also not stick on that given timeframe. Look to the charts and see if the prices are good for you to sell. You don't actually have to go through with those years and just miss the run that's happening lately.

Does this mean Trump was good for Bitcoins?  :D Let's hope Bitcoins is not going back down to $1k when Biden wins. But honestly I don't think the debate had a big impact on the bitcoin price. Overall elections are usually good for the economy and will also results in higher bitcoin prices.  And usually I would expect Democrats to be better for the tech and crypto sector than the Republicans.

My best guess for the next debate in 4 years would be to see bitcoins up to $20,000. It doesnt seem likely to have any price below $10k.

I wouldn't say that it is so easy to hit 10x in the next presidential elections.
Just imagine for how long the price is stuck at 10.000. And apart from that, we haven't hit the ATH for the Bitcoin price which was hit almost 2 years ago. If we want a 10x we need to see some movement till the mid 2021 IMHO.

I very much doubt that this can happen again. Even more, I doubt that the debate led to the last price jump.

Bitcoin may be related indirectly to the US economy, but clearly not as dramatic.