Bitcoin Forum

One of the famous analyst say American election is nothing to do with BTC. Well that's the spirit I would say as top rated crypto currency may not be impacted whoever wins the American election, also he says the value may go up till the end of the year. Is BTC still giving opportunity for investment? What's your thought guys.

https://www.businessinsider.in/stock-market/news/bitcoin-doesnt-care-who-wins-the-us-election-it-will-rise-in-value-regardless-of-the-outcome-a-cryptocurrency-fund-chief-says/articleshow/78968900.cms

I've posted about this hardly 24 hours ago and concur: Bitcoin is a project built on libertarian ideas, so it really doesn't matter what North Korea, Iran, or the US or whatever national bank are doing. This coin was invented to survive independently from whatever "establishment", "government" or "powers" might be in charge now or in the future.

But sure, I can imagine these things might have an influence on the price, because many investors (and probably 90% of this forum's community) couldn't care less about the idea behind this project, but only care about its price going "to the moon". Therefore many of them still think in a classical way of investing fiat money in stock exchanges etc, thus buying or dumping depending on what they've heard or read on some news website.

The rising number of institutional investors leads to Bitcoin getting hit harder during top events such as American elections. IIRC, 2016's elections have had an impact over Bitcoin and precious metals too, so has Brexit. It definitely does not decide or change its fate, but it does influence prices. The fact that Bitcoin always has the halving right before elections strengthens the influence even more imo.

I am not really up-to-date with the plans of the two candidates, but in the short-term American elections shouldn't have any direct impact on Bitcoin price.

On the other hand, any change in the politics should produce a smaller or bigger shock in the stock market, positive or negative.

Bitcoin has always been promising, Bitcoin stood proudly when the world economy collapsed in the Corona epidemic. When people around the world became unemployed after being trapped in Lock-Down, Bitcoin opened the door of investment for them. While the global epidemic has not been able to stem the growth of bitcoin, the US election is a trivial matter.

Won't take long before this thread degenerates probably, but I remember the panic selling very well, when Google and Facebook announced their crypto ad boycot (https://bitcointalk.org/index.php?topic=3133436).

That was almost 3 years ago. And look where we are now. So again, who cares about elections. If you're a believer, HODL (and if panic selling comes anyway: buy the suckers out).

When bitcoin was crashed on March, people believed it was because of pandemic. When bitcoin rallied in V-shaped and rallied stronger than stocks, gold, people said because it was bitcoin. Pandemic is here, and it is worse than in March but bitcoin stays around $14000.

2 years ago, every news with SEC causes bitcoin crashes but months ago, SEC news did not create bitcoin falls.

US election, it is important for the world geographical-political conditions and financial markets but will it affect bitcoin? There will be people believe it and some other people don't believe it.

First of all how the writer of the article come up to idea that BTC is affected by US election. Election doesn't concern BTC at all and will not gonna impact its price. Why all news are being connected to BTC everytime BTC is doing a good move? Let's stop this kind shit hyping and let's just focus on how BTC being acknowledged by the whole world. If there is one thing that can give impact on election, it should be the blockchain technology and not BTC specifically. Although this kind of discussion will never end, I'm that this type of topic will be made again once BTC reach another milestone which is the 15k mark price.

Wrong. American elections is everything to do with everybody whether you are American or not, or holding bitcoin or not.

It'll decide the world's destiny whether you like it or not.

Saying that the president of the worlds strongest country has no effect on anything is a bit dumb imo.

Presidential election in USA is a much expected one. Cryptomarket isn't reactive to world market movements, and we can't conclude when the market booms and drops down. More possible chances of positive growth once after the election as prediction results are stating Joe Biden as the winner. Maybe this can be normal growth or it is the impact of the election.

Not directly towards Bitcoin's price. But if I read the previous articles circulating online, Trump has plans of banning use of cryptos in U. S. and if that's the case and it happen that more countries did the same thing, there will be a negative aftermath of such action in the price of Bitcoin because many people would be prohibited to make use of the opportunity of it to be profitable. That would be another 'possibility' but not until it became a reality, we will surely be the first ones to know.And if the other one supports this technology, then changes will also be observed and let us hope that it would be a better situation.

Crypto adoptions is not depended from the next president. They both too old for it, sorry. Election will not affect crypto

No-one has said that.

edit:


Did you just claim the election will not influence Bitcoin, because the candidates are too old?

Maybe I wouldn't say that it doesn't affect anything, mate. We never even know what the winner of that election will do to crypto, especially regarding regulation. We know that the US election will have both positive and negative impact on the crypto market depending on how investor respond to the market. The price volatility will continue, but as far as I can see at the moment the price of bitcoin continues to increase. It's hard to predict what will happen next, but I hope the panic doesn't happen, it's up to who will win.

Thats now what they said here in the Cointelegraph article. Because Biden could be a catalyst. Bloomberg: Biden election would be good for Bitcoin, bad for DeFi (https://cointelegraph.com/news/bloomberg-biden-election-would-be-good-for-bitcoin-bad-for-defi)  

Considering Trump had mock Bitcoin at some point so things could be different once Biden wins the race.  Whichever win though, Bitcoin is not going to die.

I think it BTC will follow the stock market at that moment. If Trump lose we may see a huge amount of sell off due to panic. On the other hand, if Trump wins stock market with BTC will skyrocket! I'm not predicting anything. This is just my thoughts and i will fully prepared myself for this.

But despite that government does have an  influence over the price if bitcoins , the number of people that would be using it for the long term , since they can very easily ban bitcoins and which would not only decrease the market value but it would also make it harder for people to trade and even own.

Just how the Indian government banned bitcoins before and then lifted the ban , then again thinking of banning this , many governmental bodies are causing problems for the people. They usually cannot access their bank accounts if they are using bitcoins trading services and wallets.

Thus I do believe that government and the elections definitely have an influence over bitcoins , if the person who will win the elections is a pro Bitcoiner it would not only be beneficial for the people but as a whole help the crypto to grow.

So elections might help us.

They definitely cannot control the cryptocurrencies but they can limit the number of people using it.

They you have not seen the last week on the stock market. You are so wrong and you don't even know it :D


U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before Election Day.
The S&P 500 slid 1.9%, its biggest single-day decline in more than a month.
https://abcnews.go.com/Politics/wireStory/us-stocks-tumble-worst-day-month-amid-virus-73840886

Meanwhile Bitcoin is setting up yearly highs  ;)

Not in the short term, but lets see what happens, because sonner or later btc needs some regulation...

I don't think Trump is going to ban Bitcoins, but everything is possible. I mean the financial infrastructure for Bitcoin is being built with the CME offering, we see USA companies taking positions and more merchants accepting it as a means of payment.

I have to research what you said about the articles circulating online. I am not aware of Trump saying that crypto banning is in his plans.

I agree with the idea to some extent. I wouldn't say that elections cannot influence the price because we don't know what to expect from Biden regarding cryptocurrencies.

If Trump wins he won't go against it but I wouldn't expect any big positive decisions from him either. He's a strong supporter of the dollar.

At the same time US citizens think everything revolves around them and crypto investors are waiting for their election results. In reality Obama did nothing for crypto, Trump did nothing for crypto, if Biden wins he'll continue the tradition.

If they ban crypto, they will lift their bans later. Do you remember the pump from the East, with Xi from China. It is crazy to see people talked about bitcoin, crypto bans in China in 2017, and 2018 then in 2019, Xi suddenly pumped it. Tbh, I did not believe China actually ban bitcoin or crypto in any days of 2017 or 2018. Manipulation took advantage of myth of policies in China and created FUD with China apperance in stories.

At good time, news are used to pump Bitcoin with the apperance of China and Xi.

Well, we can say that the American election has nothing to do with bitcoins but we must bear in mind investors especially the whales can make changes on their mind on where and when they will pull out their investment in bitcoin considering bitcoin is a safe haven, -- though if there will be changes on the US government and these whales would like to support the newly elected leaders then they might think to pull out their investment in bitcoins and bring it back to fiat again to show support if the candidate will be elected. In that sense, it will have a big impact on the price of bitcoin which we may not be expected if we don't look at it in many aspects. We had different assumptions about this upcoming US election and let's do hope it will have positive results on bitcoin price.

Why?

Why would a project that works perfectly for over 10 years, "sooner or later need some regulation"?

Don't just post statements on these boards without any solid arguments.

 If we have a clear winner and an easy transition of power, I do not see much of an impact on the price per Bitcoin, I'm hoping it's bullish but we must pay attention to current price action as well.

Well, I have to say that I agree Bitcoin needs regulation and here are the reason. If we want mass adoption and acceptance by business on a larger scale, if we want Bitcoin to be the part of financial system and people have confidence in it and that they are protected in case of misuse then we need regulation and legal security
If nothing of these is necessary for Bitcoin then things can remain the same as they are now.
But of course anything of these isn't connected to US elections.

Well, I don't know what's driving the price up so much, but Bitcoin costs quite a lot right now, and the election is going to be very soon. I don't know if it's because of the US election or not, but it seems that Bitcoin could rise due to FOMO. As for the US Bitcoin policy, I don't think it will change if Biden wins the elections. Both Trump and Biden are quite old, rich and people who benefited from the traditional system. So I don't think the election is going to change anything in practice, but the hype or uncertainty surrounding it can push the price back and forth.

Bitcoin has it own independent market and since it's decentralized this can't not be related to any government and election no matter of the country. But, this effected holders and investors mentally after the us election started. Since Donald Trump is a great real estate and stocks investor and business man not choosing trump will give a bad effect for the stocks market and since there is a little confusing relation between s&p 500 and bitcoin.

I agree that American election has nothing to do with Bitcoin, so whoever wins will not affect Bitcoin's price.
But American election affects the world economy, because the policies made by American leaders will affect
the economy. Moreover, US Dollar is used for international trade, so there will definitely be an effect on the
world economy.

US election will have impact on the overall financial market. For those who want to invest in BTC, this may be one last chance for them to buy the bitcoin if its dump during or right after the election results. Once the elections are over, the market will recover and i am hopeful that bitcoin may touch all time high in december this year.

The outcome of the POTUS 2020 elections will not have any direct impact on cryptocurrencies. But there can be indirect impact. Joe Biden has already stated that he will increase the taxes. This can have a major impact on those who invest in Bitcoins. Especially those who get the advantage of lower taxer for long-term capital gains tax. Biden has specifically targeted the long-term capital gains tax.

Why and for what reason the market price will recover due to the election?

Trump is eyeing to ban use of cryptos in U. S.
Biden has plans which will somewhat indirectly affect Bitcoin and other cryptos. Not sure but I've heard it has something to do with taxes. And if that's the case, since cryptos are mostly decentralized, many people by chance, would more likely move into such technology to avoid taxation if the increase will not be tolerable. But I am not saying these possibilities are already certain. Things might still change once things come to its place and and the only thing we can do now is to wait for things to happen.

I would prefer that yesterday's bitcoin halving which affected bitcoin prices will probably continue until next year, once again I say it has nothing to do with elections or other, just pay attention to bitcoin prices for the next year and other cryptocurrencies

If the market participants are still like the network participants (that is, mainly based in North America), then of course this psychological effect trickles down to Bitcoin. People invest and trade with money they have or they think they have, and those who aren't users/holders speculate as much as they would other markets. You bet if they buy up stocks, they also do Bitcoin, and vice versa. Correlation is pretty apparent in short and medium term, but Bitcoin is annual/long-term up, that's the thing to remember.

I don't know why people would connect the american election with the crypto price at all I don't see any connection between the two of them.
Unless we as crypto owners would be moved by the words of others opinion but for me I don't even care whatever they say and do.
If you believe in crypto then it is all that you need to do,Don't let the words/opinion of other sways you.

If you lived in the US and saw BTC rising a week before elections when at the same time every news channel is full of news about candidates you'd feel like there's a connection. It's that easy! Election is the biggest news in the US right now and at the same time Bitcoin is undergoing the biggest pump of the year. Are they right? It's hard to say , I don't feel like the election made Bitcoin pump. It sure made stocks dump...

Let be frank with ourselves for once, American election should have major impact on Bitcoin price, reason be that, the stock market crashed during the pandemic took Bitcoin unaware, what i mean is: if the American election will have either positive or negative impact on stock market(which will definitely have) then why not Bitcoin?. In history, American election usually have impact on metals, stocks and those will in-turn have impact on Bitcoin. We should stop and have a brake in making Bitcoin a SuperMan.

The US election will somehow affect the crypto market.
The US is the largest country in the world and it affects every market in the world and the cryptocurrency market is no exception.
This election will affect the US policy towards China, these two countries are the two leading countries in the world so it will greatly affect the financial market.

This.

It is naive to think that the price of bitcoin will not be affected by the election, using arguments based on our ideals.

The price can be affected by any event of certain relevance, as it happens in the stock market. And in fact, until very recently bitcoin has been related to the S&P 500.

The world market will be more likely to be affected but I doubt this industry would also be, unless there will be actions directly with this technology. This industry is somewhat separated with the world market due to its nature of decentalization perhaps. The only scenario wherein this industry could be affected is if the elected leader would make actions regarding cryptocurrencies whether prohobition or support. But if its mainly in the world economy, that would be another story.

Possible there is.

As we can see, the US presidential election has always had an effect on all markets, stock, or even crypto markets.  However, once the election is done then there could possibly an impact on the Bitcoin price when the newly elected already takes place.  Since investors have the right to pull out their investment at any time they want we're not even sure if some or most of us here did invest in Bitcoin for they don't trust the current government for all we know this is one of the best investment to keep our assets.

But we can't guarantee if these investors will change their minds pulling out their investments if there will also be a change in the leadership of the US government to show support for their candidate.  And we can't also ignore the fact that after the election if there will be changes in the government there could also be changes in how the US will take Bitcoin and possibly lead into adoption which we all aim for.

We don't know if Biden will replace Trump and Biden will adopt and allow using crypto in the US.  If so, this is a big boom to the Bitcoin price.

You're right about that, any event that has some or much connection with bitcoin will affect its price. Moreover, As is a large country that will affect the world economy when there is an event.

but the effect on BTC will not be felt because bitcoin has an independent market and is not regulated by anyone. Bitcoin is moving because there are buyers and sellers who start to panic at all kinds of positive and negative news.

I guess I'm gonna agree with that, I don't think that the election is gonna affect the market price of bitcoin at all.

But at some point, I think there are still some factors that could affect something or we could say cannot affect bitcoin market price directly but still affects it. Also, we know that there are so many factors that are affecting the market price of bitcoin in the market.

The election might also affect the USD price but at the same time very small chances of affecting the market price of bitcoin depending on who wins the election.

I am among those who believe American election will have an effect on the price of Bitcoin, because there must be investors who are
affected by the election results, there could be panic selling. Sometimes Bitcoin is affected by big events, so don't be too sure Bitcoin is
not affected by the American election. Whether true or not the Bitcoin price is affected by the American election, I believe Bitcoin can
survive any situation. Including the current pandemic situation that is bad for other markets, but not for Bitcoin. So whatever the results of
the American election, we still believe that Bitcoin will continue to rise in price and bring profit to its holders.

The US election may involve Bitcoin as it will affect the movement of money. It will likely affect Bitcoin more or less in some way. The financial world is still often dominated by political news like this.
Bitcoin fell to as low as $ 13100 today, I guess the main reason leading to the decline is the impending US election.

I am being torn between agreeing to the point that US election may not affect bitcoin or it may affect bitcoin. I am thinking that maybe bitcoin could also be used as election fund of a candidate during its candidacy period so from here we can surely say that this may greatly affect bitcoin. But also i am thinking if this possibility were already crossed the mind of the candidates, but i bet yes since US as far as i know were open to this kind of currency and this was a good indication if ever.

I also believe that the election can't really affect the price of Bitcoin in any way. But many people think otherwise.

Of course BTC is very worth investing in.

Bitcoin was created 'not' for America only, Bitcoin is used for mankind all over the world, you remember what happened in Iran a few months ago and also the war in Turkey America vs Iran, many say Bitcoin is like that, in fact, Bitcoin remains where it was.

It's the same history Bitcoin pros and cons, even though the election in America is going on, I agree, Bitcoin remains at its stand, buying and selling.

They are just riding with the trend, it's just speculations that traders wants to drive the value to the directions they wanted to bring, but there's no real association with the current US election. The market for crypto is not tied with US alone there are many factors why the value moves, you really needed to assess by yourself to avoid making mistake in choosing your position.

I don't think that american election doesn't have business with bitcoin because if one american president candidate says about adoption of bitcoin, bitcoin users in america will surely vote for him because it is a good opportunity for all of us and america is one of the biggest country and if it adopts the bitcoin, other country will surely adopt bitcoin because they will think that even the greatest country manage to adopt the bitcoin why wouldn't they?

Maybe, the money flows from one market to another and we don't know exactly how they are moving. The US election result is likely to affect the world economic situation and affect Bitcoin. Recently, the charts of Gold, stocks, and Bitcoin have similarities in rising and falling in price at some point.

Particularly, the Bitcoin issue today may be due to Houbi's FUD when the COO was arrested by the Chinese police to investigate.
https://twitter.com/WuBlockchain/status/1323249335249809410

Well.. I just checked the exchange rate on Bitstamp, and it is showing $13,519 per coin. These temporary spikes and dips are not unusual with Bitcoin, and I don't think that they have anything to do with the presidential election. You need to accept the fact that the long term trends look positive. During the last two months, the prices have increased from $10,300 to $13,500. It will continue to move upward, irrespective of who wins the election.

Nothing and noone can even completely ban bitcoin , trump several times make a cynical statement about bitcoin but instead makes bitcoin looks bad .. those statements makes bitcoin even stronger, thanks to trump's free endorsement.
He is not directly stated has a special plan for bitcoin but he has bad point of view about bitcoin which could leads to a specific policy in the future just about the cryptocurrency thing. He can do it anytime.

Here's the thing , when the candidate publicly stated that bitcoin / cryptocurrency are on top list on their initiatives, the world could reacted positively/negatively depends on what they are planning specifically. Especially the libra project that has been rejected could be running again.

When people are on the position specially on the top spot will really have significant effect unto something that had it mentioned. Even majority been saying here that
it isnt totally irrelevant or has nothing to do with bitcoin but we cant deny that it may give effects but no one can point out which way precisely.
When it comes to fundamentals then theres no doubt that it might or might not able to affect the crypto market but we know that it is really that prone
nor always have the chance neither it would just simply ignore or neither go up or down.

I think he just isn't been realistic, one way or the other the maket will be influence by the outcome of the election. I know we all what a market that'll be independent and not get influence by every events by the government but that's impossible at rge moment since the industry is yet to mature. Currently we have many novice in their numbers in the market and since they're yet to take control over their emotions, their panic will be felt.

Also it seems the market is already declining as whales and regular traders are setting up position to benefit them when the dumb or slight correction occurs. On the long run though the outcome of the election won't have any effect on the market as the trend has been bullish from the on set.

Bitcoin is still giving us investment opportunity regularly as it's still the best bet against the economy and fiat system. Irrespective of how the market moves as a result of the election, the opportunity will still be there either to buy more or take profit.

You know there's going to be a large quantitative easing if one of the candidates gets put in office. Reich, Bernanke, Krugman are all pushing for it to help "ease the burden of covid" lol. Place your bets accordingly, but a bunch of freshly minted valueless fiat may be digitally running to your local bank at near 0% interest rates.

Many outside the US may not give a rats ass about the US but if their government is holding USD then their government will care  ;)

I'll let you guys figure out what QE420 will do to BTC price.

Right after the election is over, businesses and investors will regulate their cash flow according to the plans they had previously set up. Now I see signs of a gradual inflow of money back into the market. The new president's first task inevitably is to formulate policies for economic recovery. As in previous pre-election times, Bitcoin is facing a strong breakout, I think this time will not be different from the previous one.

Generally it's follow the stock market but not always. May be you forgot about the last covid wave! Anyway, i'm still in USDT. Will convert it to crypto after the election result. Let's see what happens.

Well.. as of now it looks as if Biden will be the president (and may be replaced by Kamala within the next 6-7 months). One of my concerns is that he may raise the taxes. I am particularly concerned with his plans to raise the capital gains tax. This is going to be a devastating blow to those who invested in cryptocurrency. Fortunately it looks as if GOP will retain the senate majority. So raising the taxes may not be that easy for Biden.

I agree with it. US elections has a huge impact in the whole world, whichever between Republican or Democratic Party may won. However, I strongly believe that it won't affect the movements of Bitcoin in the digital market. Because Bitcoins movement cannot be controlled by anyone. I have faith that the price will continue to go up throughout this year. But still, we cannot really predict everything...we better see what will happens next.

that is such a lame excuse sorry to say, why will someone panic to sell their asset over no possible threat at all! is it that the election hold such significant to people's investment, but look at the price at the moment, it is rising rather than been affected by panic sellers, i think people are just over reacting and exaggerating the whole election thing, one thing should not have effect to the other, i don't see any situation here that need surviving, even the pandemic was overly exaggerated, till now btc still remain at the top and best performing asset both in crypto and stock.

I just wondering, what is the connection of bitcoin to the american election? Why they think election will affect bitcoin? Does the US invented the bitcoin? Or does the president will dictate the price of it? I don't think it has something to do with it.

Perhaps this event will somehow affect the crypto industry, but not as much as many people think. I believe more that whales can affect the price of bitcoin than events in the world.

Strongly believe that the American election or other countries' election is nothing for Bitcoin because it had been created for establishing to spend your money with freedom or it can be said as independently. So it will not do anything.

But the price can be influenced by the news or other things, that are happening now.

The election and vote counting updates few days back show that bitcoin price has its special price actions. Trump took a lead before vote by mails were checked, bitcoin rose. Trump lost his positions in many batteground states, bitcoin rose. Biden has more opportunites, higher win rates from casinos, bitcoin increased.

Please tell me what is the relation of election and bitcoin price? If you believe in bitcoin, believe in its future, and after the halving, don't care much about the election.

The market is heavily driven with 2 things.
1. Emotion
2. Sentiments

Any market is heavily driven by emotions and most of the investors are thinking that the election has an impact on Bitcoin that is why they are making a move. Yes the election doesn't have any direct impact to Bitcoin but it has an impact to the investors and that may affect the market too.

Either way, I will wait for the next chapter :D.

Election will not affect cryptocurrency, Because BTC is Not Any Country Currency. Its Is World Wide Currency in My Point Of view No Harm Us Election to BTC. 

it may not be impacted Long but in the beginning for sure there will be changes in market.
I don't know if the Bullish market today is effect of Biden being leader in This Election or the election itself effects the Crypto market.

Bitcoin Spiking almost $16,000 in just a short period of time from $13,000 level?this is something we can relate about the US election IMO

But I believe that there are something happening now because the Counting in Online broadcast seems to be Paused?
well World is expecting the result as sooner as possible so this may surely effect every market worldwide.

I tend to agree this significant rise of bitcoin price within days seems related to the US election, as bitcoin in the US market is one of the biggest, many companies and institutional investors recently investing in bitcoin came from the US. Because it's not only for the short term, whoever is elected as president will directly influence the market for the long term because of the policies that will be implemented.
"Longer term, however, a Joe Biden victory would be better for Bitcoin and gold because that would imply an unprecedented level of government spending"

The election might have fueled some of the volatility but the ultimate results would not have a significant effect on price of bitcoin. A chaotic environment with protests and fight are less likely in US and they might have some legal battle but the actual transfer of power would be smooth. The pandemic situation is one of the reason for price boost and as it eases, the prices would correct themselves.

For now it will not be affected.

I say for now because the next president might give a chance or an opportunity for the people to use bitcoin more. That it might influence the non-believers to actually use it although, I don't think they would put that on their campaigns, so I never seeing that as an priority for them hence it would not affect Bitcoins or anything in the market.

it does nothing to do with the btc itself but they should say it has something to do with the price of btc . there was so many threads last week in the gambling board about election and some of them bets millions of dollars on the election . people buy more btc and put those btc as bets because they are facisnated on this rare event . this can be the reason why btc is driven to its highest this year  but lets not forget the other contributors  , not just the election but theres so many positive news like these said institutions starts partnership with btc , something like that.

Until dust the dust of the US presidential election settles down else the crypto market will continue to trend, from a close observation majority of trading commodities, forex, indices and crypto had been experiencing huge and massive volatility in this period of the election while some of the pair linked with USD pumps while others dumps thus it very obvious there is a correlation between the election and bullish sentiment of bitcoin.
I believed many companies and organizations are reserving their assets by investing in BTC thus more demands of the coin due to uncertainties in the after aftermath of the election however regardless of the outcome Bitcoin will continue to thrive and experience massive growth.

Bitcoin does what it want, American Election just a simple things on the road of Bitcoin domination. If had effected somehow could not stay long. In bitcoin you have to remember this quote- "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."- Satoshi Nakamoto.

imagining a connection between bitcoin and some arbitrary thing is not a new thing. for years different people have found different things they try to connect to bitcoin so that they can speculate a bout its price after everything else fails.
i guess it is partly because of the volatility of bitcoin price that makes speculation hard and partly because bitcoin market is unique and has never been following anything else so they try to "create" the correlation for themselves to justify moves that looks odd to them.

Volatility and open space for new adopters. When bitcoin rises, it can attract new adopters. The attraction of bitcoin is bigger than stocks, bonds, real estates. It is new and every new things have bigger open space for growths.

Speculation can be right when bitcoin does not in its bull run. With bull run, speculation is trash.

I am forced to disagree with you at least a little bit.  Because I think the US election has definitely affected Bitcoin.  Otherwise, the price of Bitcoin would not have gone up to Rs 16,000.  It can't be a coincidence in any way.  I believe Bitcoin stood tall when the world economy stagnated in the Corona epidemic.  But it's hard for me to believe that the US election didn't affect Bitcoin at all.  I’m sure that the American election caused so much sudden increase

Well, nothing can stop you if you do really think up that way yet we do have our own opinion and insights towards thing and if you do believe that this recent election
does have an impact on the market price then so be it but im with majority on here yet i dont see any correlation with this current even to the market price.
I do rather believe that paypal adoption is much more better rather than with that Trump and Biden thing but overall crypto market doesnt rely into any sentiments
which would base up into its price trend.It can move neither having or without having any news thats currently happening.

Im agree with this, though lots of supporters of Joe Biden are donation crypto currency, they helping him through donating cyrptocurrency, unless if someone will have the courage to introduce this kind of cyrptocurency when Joe Biden, wins maybe there's still a chance to be known and will become more big big for bitcoin. Just saying and in my opionion only because i saw some of news from the internet that they helping Joe Biden in his campaign.

I think American elections  is not effected to bitcoin currency, but l think the price of btc maybe go upward the last month of the year. Because the door of crypto currency was opened in carona-19. I can't know about the next American president implement his policies. But l think he gave the gift to the crypto currency investors.

But the price moves all the way Up in election days,means this is just a coincidence ?

LOL that is too much hype to be not connected in US election,and now that the election result are pending yet the price of Bitcoin stagnant for a while also.

I think that there is an effect no matter what we say,US is the strongest country in the world(not unless china will claim this) so every special happenings in
their country will surely effect the global market and so the crypto market.

Elections in US don't have anything to do with Bitcoin price as well as politics in general doesn't have significant influence on Bitcoin
Although there are some who connect recent price rise wirh elections in America and possible change of actual president but to my opinion there is no connection whatsoever.

joe biden has a vibe for crypto ? what a cool guy and its my first time to hear that supporters giving him money but politicians are powerful enough and can stand ln thier own . the guy must be kind and already show a good performance before on his past terms , reason why it got alot of sympathy on the public .

for those that didnt knew this news , they will say that election has nothing to do with the price of btc,  to normal elections yes but this time around was different .

Yes, nothing to do and has no impact. We can see that dollar price deflation in no way disturbs the bull market phenomenon that has been taking place even before the US election. The increase in bitcoin price is also experienced by all people in the world when compared to their respective fiat.

I think there is a connection that we see when the bitcoin grows during election days... Perhaps the result of the election will also affect the price, but already all markets.... But it won't appear immediately, of course, I think that by the end of the year we will see the vector of movement... I hope that it will not change! :D

This bull has been riding since covid-19 lockdown was opened in different countries. To what I can say, that was when it started having a strong upwards ,so the election for me isn't a major reason. The ending of year also is good for bitcoin when bull comes for cryptocurrency as it happened earlier 3 years ago.

During the previous US election time too there is growth with the price of bitcoin. By that time price of bitcoin was found to be around $550 - $600. This showed gradual rise making the price reach around $800. This time bitcoin price seems to peak high and at the same time there is good stability. We've been experiencing better days of 2020, on the other side people who have invested on other things were feeling bad of their choices.

true, it was just a coincidence that the Bitcoin price was bullish at the time of the US election...
I am tired of reading amateur analysis in many newspapers trying to link the Bitcoin price increase due to the US general election. Bitcoin is a decentralized coin, the increase and decrease in price is highly dependent on market demand, not the US political situation.

Actually, the american election has nothing to do with BTC. If there's anyone who still think that it does, I urge you to educate everyone on how this is possible.

I agree with you and i think that its just a coincidence that bitcoin price rise at the same with the elections
I heard about that and i didnt find any logic reason that make bitcoin price change with the elections

Again, when the media has proclaimed that there's new president of the United States the market started to dump. They are correlating it again that the US election has connection with bitcoin.

It is a coincidence. I see crypto pages showing old prices of the past elections but it's only a comparison during the old and the current days that we have. It is understandable that the old days there's not that much bitcoin investors and users but this time is different and value is increasing due to demand not due to elections.

Of course the American election has nothing to do with Bitcoin, the increase in the price of Bitcoin is due to the increasing
demand for Bitcoin. But knowing Joe Biden who won the American election made little bit optimistic about the future of Bitcoin
in America. Although Joe Biden is not a supporter of Bitcoin, but Joe Biden is not a hater of Bitcoin either. So I believe Joe Biden's
assessment is more objective on Bitcoin than Trump's. I hope Joe Biden can see the benefits Bitcoin has for the economy.

After the news of Biden's victory in the U.S. elections, Bitcoin became cheaper by more than 1K dollars... It may be a coincidence, but stock markets also had a reaction to this result....
I hope that for Bitcoin it was a correction...

It may be because of the uncertainty. Biden might have won the elections and it looks as if Democrats will have a comfortable majority at the House. But the senate majority is likely to remain with the Republicans. This can create problems for Biden, once he is sworn in. In case the senate doesn't allow Biden to function properly, then we can have an impasse, which may affect the economy in a negative way.

I've always seen a discussion about the price movement of bitcoin to the American election, there are many sides regarding this topic, there are some who believe that the inflation of bitcoin is caused by the American election but there are still many people who stand with not believing that bitcoin has relation with the price of bitcoin, on my side I cannot sit there is the relation between two variables, even though america has the big population that uses cryptocurrency it is still not a reason for it because there are still many factors that can affect the price of the bitcoin.

That's right! I agree with what you have said. Bitcoin is increasing because of demand and it's popularity and not just because of American election. The user and supporter of bitcoin is not just come from America instead it comes all over the world that makes it's value sky rocketing.

Max Keiser said that Biden's win will push Bitcoin to a new ATH. This is an interesting idea that I don't completely agree with, but it will be interesting to watch how it develops in the following months. Chances of ATH hitting before Christmas are slim, but bitcoin likes to do the unexpected. A few months back most people thought we won't even break 14k this year. You can find the predictions in speculation to see that people were moderately bearish and now everything has changed in a week.

Yes, i am agree with you because who are comming in US president is not the factor as their policy always are same. On the other hand we did not know that present elected president will accept BTC so that it will make effect on BTC market. Some are saying that for US election BTC market pump but my question here why it after election? it should before election as black money transaction made at that time. So i am fully agree with you again.

American election not giving anything for bitcoin although I hear some information about some one from bitcoin and altcoin investor donate for Joe Bidden to be president of United State, but the fact never hear with Joe Bidden never give any news or campaign with blockchain technology adopted in United State, I think United State is not friendly for bitcoin and we have forget for United State and not giving any more for donating to both president candidate. When Donald Trump become president United State he looks very hate and not happy with bitcoin as currency or investment for United people to use and have bitcoin in their wallet.

There still no clear indication about it, and still no confirmation but there are people behind it it still not going to change the fact that
after this win he will adopt and make a good future for bitcoin. Bitcoin will continue between the hands of true believers and not just
with any political influenced.

The Americans are always after for their good and if they are seeing taxes that can be implemented to this system who knows whether
they'll going to bite it and be more practical and use this chain for their best interest, whoever President may win it's still the system
that they'll going to adopt for their benefits.

That's true even h's a businessman himself he doesn't show any big interest instead he bring it down mostly, a lots of statement that
ain't favoring to this chain.

I don't see the reasoning.

Why would bitcoin go up with Biden's win? Is it because Biden will ruin the country&economy completely or is it the opposite? (restore the economy etc)

There was going to be a massive QE because of Covid19 anyway and I fail to understand where Biden is in this scenario.

But the Article is quite true since most candidates are not even knowledgeable regarding Cryptocurrencies so the outcome of most elections does not have an impact on most Cryptocurrencies UNLESS a candidate will have available platforms that would promote Cryptocurrencies. Promotion would really affect values of Cryptocurrencies since more users would tend to use it and learn about on how to use it publicly.

I do also have that question in mind on why the heck Biden's win can really affect bitcoins price? Currently we are going up and i dont
really believe that any fundamentals specially into this presidency will really be a reliable news for us to depend in regards to our investment
decisions.

Even lots do tell that it is correlated then i dont really believe at all.It can move independently without being affected from time to time
but somehow if the news do talks about exchange hacks and big scams then thats the time i do saw the possibilities
but not for any other events.

I was almost wondering how and why winning or loosing the election should have an influence the btc value, I imagined who does btc want the election to favour or should it just be whosoever wins. But I got to understand the position of america in the world power cannot be underemphasized. It is worth world celebration.but I am happy to see the improved values

Is the world economy the same as the crypto economy?

If really this election had/has an impact on the price of bitcoin, can anyone explain why the price seem to have gone back to where it was?

It's their reasoning not mine, but according to them, Biden is going to be better for cryptocurrencies than Trump because of 2 main reasons. The first one being that Trump was openly negative and said some bad things about Bitcoin. The second is that Biden is going to be much worse for the rich than Trump, so they'll look for ways to move some capital offshore, possibly through Bitcoin.

So Biden is indeed going to raise taxes. Such a bad time to live in America as a rich guy. Some people may decide to store their wealth in Bitcoin but they are likely to use banks while doing so. It is not impossible to get all those coins OTC but close. I don't think trying to dodge taxes is going to be that easy. Buying bitcoin don't make you tax-free automatically.

For your other point, Trump wasn't all that negative about bitcoin imo. Maybe just because he warned people about it he looked like that a little bit but I don't see any harm there. Bitcoin is indeed dangerous. One missclick and boom. All gone. Do we know what do Biden think about crypto? I haven't heard anything from him yet.

So,  those 2 points don't make the picture whole for me.

The American elections that have recently happened on which Biden have won the election as the new president of the USA, has really nothing to do with Bitcoin. No such events that the pricing of Bitcoin have been dependent with. The price of it is always have been independent into any event. There is such events or happenings in the world that have an impact on the price of Bitcoin such as the world economic crisis brought by the pandemic which at first investors have come into panic which have been fixed after 2 weeks or a month. Such events have been influential on the price of Bitcoin but it does not certainly mean that such events will make Bitcoin to be dependent on such like the national election of the USA. Maybe because of the presence of the institutional investors, there is a movement for such individuals have influence on the price of Bitcoin.

American presidential election has nothing to do with BTC. But there is also an opinion that it relates the election, to the fall in BTC prices last night.
But BTC prices soon recovered again. But sometimes, America affects the prices of world commodities such as stocks, oil, and one of them crypto asset
especially now that American economic uncertainty is weakening its own currency, which this year is down 10%.
The decline has supported rising prices of other alternative assets, such as gold and bitcoin. Now Bitcoin is getting stronger at $15,499 based on CMC today’s data.
But from since in the last six months, the bitcoin market has tripled.

You cannot judge people who stated it as dumb!! Everyone has their own opinion, you don't need to bother it. We are here free to express it based on our own view. Even you stated US as the world's strongest country can be debatable. On what field you claim it? Even the US declared it, it doesn't mean it is true. Do you understand my point? lol

Except, if you have data from a valid source that can show the effects of the American Election to BTC.
Share it here, and we will look at the truth. But it is better to have some sources, not only a single source that claims as to the best one.  

Surprisingly, Joe Bidden was finally able to beat Donald Trump in the election of the presidential candidate for the United States. Will Joe Bidden's reign provide an opportunity for bitcoin to become a legal virtual currency in the United States? During this time, when Donald Trump became president of the United States, he never provided a gap for bitcoin to become a legal transaction tool in the United States.
The waiting is still unclear how Joe Bidden's decision later when he served as the number one person in the United States, will he give freedom to bitcoin currency or not.

Max Keisler will tell you anything to hype and hope his hype will pump bitcoin.

Putting bitoin speculation aside. What 2020 and the election in America has really shown is a country of demoralized people.

https://twitter.com/davereaboi/status/1325138477864914944?s=12

Thank You........

Global economy is not the same as crypto economy, but from what I have seen, there is a strong link between the two. When people have excess cash or savings, they will be more open to investing in risky assets such as cryptocurrency. When that is not the case, they will prefer assets which are less prone to risk, such as bank deposits and treasury bonds.

Of course there is in a way but of course not permanent effect,people now are waiting for what is Biden's government dealing with crypto.
And investors find this a good threat then for sure Moon will comes soon and the much awaited Bull is happening again.
But if the things comes other side then we may see another BS year for crypto from this to the next.

The election is going to have some impact on the price of bitcoin. With the economy recovering under Biden administration, we will be seeing the price of US dollar rising. It has never been this low compared to past few years before trump administration! Also, Trump delayed the stimulus package and was supposed to be distributed after the election. With Biden presidency, we are expecting to receive it anytime soon (trump has yet to concede though). The stimulus might encourage people to invest more in bitcoin.
Also we are expecting the stocks to start rallying and bitcoin might also start doing the same.

since BTC is a currency it is impossible that such an event has nothing to do with the price of BTC. if bitcoin had nothing to do with the election maybe you should remember what happened in 2016 about the prices of bitcoin and the volatiles of the actual price.
and i think yes, it is still worth the investment but you have to be willing to take the risk

At the point when individuals around the globe got jobless in the wake of being caught in Lock-Down, Bitcoin opened the entryway of speculation for them. In the event that there is one thing that can give sway on political decision, it ought to be the blockchain innovation and not BTC explicitly. In spite of the fact that this sort of conversation will never end, I'm that this kind of subject will be made again once BTC arrive at another achievement which is the 15k imprint cost.

I'd agree with that 8). But how can the election/winning of Joe Biden affect the economy? BTW, if the highest bitcoin investors weren't from the US, I don't think the economy would matter. It's just that there's a greater percent of hodlers there.

The American elections are over and the winner is Joe Biden and the price of bitcoin has not changed drastically (down or up).
So is it true that the Election influenced or had something to do with BTC? the answer is definitely no.

In respect to world US election, it's said that US is the center of world power so therefore their influence on something changes things to positivity or negativity. At fist the world pandemic affected much on bitcoin price but didn't change the payment system and ideas, likewise the US elections, it can only affect the price but the decentralization principle remains constant. With a close watch, we can say the high price in bitcoin now was a result of Biden campaign sponsored in bitcoin thereby influences non-bitcoiners to be fully aware of how bitcoin works bringing in more trust into the ecosystem. That can only be the effect on bitcoin but can change its independent idea.

Yes, I'm not really sure why people are connecting those to the price of Bitcoin I'm pretty sure that the price of Bitcoin doesn't have to do with the election.
For what I've seen it looks like the price keeps increasing and anyone can still invest on Bitcoin.

ya.ya.yo!

Well we can't really see significant Impact for now i suppose but looks like after US election especially after Biden "Win", It was started too rise. I'm not following US political progress but after reading some article looks like Biden Cabinet have some interesting People that have an positive view to crypto (Check this one: https://decrypt.co/38388/kamala-harris-joe-biden-vp-team-crypto-sacramento-kings-cto and this one for refrence https://decrypt.co/45837/what-a-biden-presidency-would-mean-for-bitcoin)

It's still unclear what will happen in the future but from my opinion US Selection have some Impact on the crypto space especially Bitcoin, How about you guys?

First of all he is right Bitcoin has nothing to do with American election . I still see posts in 2020 that bitcoin suffered a big dump because a X person said/did something against crypto. About bitcoin price yes we could probably see a huge pump in the following year if we keep in mind that bitcoin reached high prices in 2013 and 2017

In my view, every election has a big impact to the future of crypto currencies especially if the winning candidate are against to crypto  currencies therefore the future of crypto in that certain country maybe in danger as the leader of that country can easily banned crypto if they like to.

This is only my view, but if there are no further threats in crypto if whoever wins that election then I cannot see that there will be a big impact to the crypto market when there is an election either it is an American election or to other country.

not at all.
you should read this article by decrypt.co for a different point of view.
https://decrypt.co/45837/what-a-biden-presidency-would-mean-for-bitcoin
some people behind biden used bitcoin.
have you heard about this term "Biden’s crypto cabinet"?

It can't be said clearly because of future president wants. Digital currency is used in developed countries most. America is mostly used crypto and it operates the world's many regulations. So America can make little change in crypto but that is not necessary for it. I think anything can happen if the new president wants to focus on crypto to then there may be change nobody can guess that is positive or negative.

We have mix reaction from different peoples about this because right now Bitcoin is nothing to do with any government because most of peoples facing problems if they are dealing with this and many countries bringing different laws and regulations to stop this so what will happen after Biden's arrival its not clear but its price is really pumping which is good signal and we can expect some good rise in next few weeks because right now is fundamentals are going in positive way hopefully we will have some good news about this from big way which give more positive effect on this.

Bitcoin is far to powerful now that one country (no matter how mighty) can have significant impact on his price. Bear in mind that most of the mining farms are outside of the USA.
And, the future US president has far to many domestic (Covid 19, civil unrest) and foreign (Russia, China, Iran) problems to put Bitcoin in its crosshairs.
Also, it appears that smart money is entering Bitcoin:

https://cointelegraph.com/news/silicon-valley-and-smart-money-are-behind-this-bitcoin-rally-data-suggests

So, the price movement in coming months shouldn't be a mistery. :)

I think that the election has had some impact on the cryptocurrency markets especially BTC though maybe not as much as stocks or Forex. I do agree that BTC will go up in value but nobody can predict when that will be.

There are many speculations but no real relevance to this election, there are lots of issues from different sides of the world not centered to any

specific nations even it's a powerful one, bitcoin already spreading and whoever will lead to any specific countries there are people who are willing

to continue supporting this chain, we will see more increase when adoptions completely taking place.

Yes, when the candidates have a public opinion about bitcoin it surely has an impact over its price. But what I have seen so far are candidates who don't give any note about bitcoin, they just ignore it. So I think it doesn't matter who wins, the impact won't be remarkable in crypto environment.
But there is an exception to this: if the elected candidate is a threat to his own country's economy through abusive economical measures, then the election might have an impact over bitcoin's price, because people will tend to protect their money converting it to foreigner currencies and bitcoin can be one of them.

Same question on my mind too on why the heck people do really make up connections into these kind of events which they do believe that it do connects with bitcoins price
knowing that this isnt something that can really influence overall into its movement thats why its quite irrelevant on presuming that this is one of the factors that leads out.
Well, we do have our own perspective and own views and lets just respect if they do really push that it is really connected and as long you are gaining then it doesnt
matter on what others believe towards this sentiment.Just stick into your own analysis and be profitable which is indeed the primary goal for all of us.

These are expectations and hope you have on the new president but lets wait and see how they can help the market or whether they will be successful in helping the economy recover. I have my doubts whether that can be done anytime soon and stimulus package alone will not help anything.
Give them a few more months and we will see how his policies will affect the market.

You cannot rule out the expectation factor and if you look at the market you could see the market moving higher because of these expectations, we can take the recent example, when news broke that a vaccine is almost ready the market had a positive sentiment and the expectation can sometimes drive the market until we have another negative news.
   Last few weeks the market was driving higher, may be because of multiple reason but we can say that the expectations of the elections can also be a factor.

A lot depends on how we want investors to perceive bitcoin, if as a safe haven, as a protective asset and a means of hedging risks when the economy falls like gold, then this is one question. In this case, there is no certainty that when the economy recovers, bitcoin expects a rise in the exchange rate price, while on the contrary, the most likely scenario is expected to stagnate and even fall in price, due to the leakage of fixed capital to the stock market. If bitcoin is perceived by the market as an object for financial speculation, as well as stock assets,then there are prospects for further growth during the economic recovery.

I have to disagree with your argument. A volatile asset such as Bitcoin will be considered as a store of value or safe-haven asset only in countries where the fiat currency is undergoing hyperinflation (such as Venezuela). So the argument that economic recovery may cause a decline in the Bitcoin prices doesn't hold much substance. An economic recovery may result in surplus cash at the hands of investors and a part of this will flow in to Bitcoin market.

That hasn't be  done officially mate, the winner was just projected by the medias and not that that's a final result. That aside, the issue of Bitcoin submitting to the influence of the US election is not valid because this technology is decentralized and shouldn't concur with the centralized world. Though, there hasn't been any negative or positive impacts since the medias projected the outcome of this election, so, Bitcoin don't give a dam shit to anything centralized.

It depends on individual financial capability because investment is all about finance, and it's obvious that every business is all about risk, because someone might investment today bitcoin happened to decrease in values, something of these nature required a personal decision so that whenever disadvantage come into it, the user will bear it without blaming anyone, from my perspective since bitcoin is getting increasing these period, i think it's time for investors to invest in bitcoin in order to make proper profit, so contrary to it, the best options rely to the investor or user.

If the election did have impact how come its not noticeable on past elections? This topic is just another way to think about the current events being related to Cryptocurrency. The only thing that would relate both of this things is when an official would actually promote Cryptocurrencies and that would greatly affect Bitcoin's value.

This shows that bitcoin has grown alot, up to the stage where it's not been affected by news from the SEC, unlike before, when they had the power to crash the bitcoin price now bitcoin is alot more strong due to more adoption, I don't think there's any news from the SEC that can crash the price of bitcoin now.
Anything is possible, but am not so sure he's gonna do this,even if his an anti crypto, and besides he has lost the election to Biden, so let's just wait and see what the Biden administration holds for bitcoin.

American election is just a speculative subject that drives the market in either of the direction. With time the market is gaining more and more strength with the increase in adoption.

American election is predicted to make big change. Throughout the year bitcoin was progressive compared to other forms of investments. Upon the same the presidential election has also made a small price pumping which we're experiencing right now.

The purchasing power of BTC will grow regardless of the dollar, USA, and other factors. I am sure that decentralization is the future. And now we are still at the initial stage of development of cryptocurrencies, investments in BTC will be relevant for many more years.

It takes time to be able to see both the performance and policies that will be implemented by Biden in the future, of course this will also have a little impact on bitcoin price movements. Because it is possible that it will have an impact on the USD price which can have an effect on bitcoin later.

Does USD value or rate will really that give effect? I dont think so. Bitcoin can move its own without relying into those sentiments.Talking about on Bidens possible changes or policies then it doesnt
really matter because no matter what where any political things cant really affect heavily into cryptospace.They can give out their own insights or views towards crypto but it wont mean a thing.
Well, maybe in behind we can see some relevance for it to be affected but in most cases where people doesnt see this on that way.It can move randomly and this is what makes it more harder.

Bitcoin is a digital assets, that is not control by any government, or individual, hence bitcoin operates on number of demand and supply in the market exchange.
More over, during the elections, the price of bitcoin keep bullish.

As you can see after election and Biden wins the price of bitcoin continue to move slowly but very positive what do you want a roller coaster increase lol, what do you think is the reason why? We cannot read other peoples mind or big institutional investors we did know what they already knew they are always ahead to small time investors maybe they knew that Biden administration will regulate bitcoin in favor for the American people just like that for example well thats good for bitcoin if this happened.

I was actually speaking about this recently with a few buddies.  I saw CNBC analysts talk about bitcoins rise and how it had to do with the presidential election and they briefly mentioned PayPal adding bitcoin and other cryptocurrency support.  This is just laughable.  The election had VERY LITTLE if anything to do with the recent rise.  That credit goes MUCH more so to the PayPal announcement.

Factor in American presidential elections is not on the agenda of the formation of the exchange rate the price of bitcoin, because it looks like the trump understands that he lost, and venturing all of these legal battles serve to the future presidential race in 2024, in order to sow more doubt prorepublican roots voters about the election process and try to play on it in the next election. Now the coronavirus and the ability of countries ' economies to get out of the pandemic crisis with as little losses as possible have again come to the forefront of information about the formation of the bitcoin price.

I hear alot of people say this that the American election have an impact on Bitcoin, and as for me it's not true, I mean who cares about  the election, we all just want a better leader to rule the country,since they hold the world power, so the election doesn't have anything to do with bitcoin, bitcoin doesn't depend on any government, the only thing the election can affect is their stock market and not bitcoin.
But in longterm it's not going to affect bitcoin, and there's no way the government are going to be able to regulate bitcoin, that's against what it was created for, not sure that's ever going to happen.

yes I agree with that, the American election has nothing to do with bitcoin.  trump loses bitcoin rising higher and higher.  very different from what people say.  and bitcoin price is currently over the target of $ 16400

Bitcoin is never been related to these events because its nature is not for this all its face something when we have new rules and laws about this all so I am also feeling its never and nothing to do with bitcoin  but we have some good expections about some soft rules from new administration as in last few years its face some stick rules and never been good from trump administration now give some time to these hopefully they will bring some good policies for economy and better future of digital currency.

Who knows, but still the after effect as whole won't change the majority. Bitcoin is for everyone who trully understand and believes on it, the more people around the world understand the more it will rise, so whatver would be the position of this incoming administration bitcoin will proceed and continue the journey in succeeding to this investment currency.

But for sure if there's  much lighter stand for this new admin and more usages from this country interest will rise more, it's a matter of time to reveal what will be expecting for bitcoin supporters from this new leaders.

The American election has been a Blessing for Bitcoin.  I have a feeling that that most people thought the price of Bitcoin would go down after the Election.   
Maybe this will be a new trend for worldwide Elections (we can all hope.)

 :D Yes I agree , Possible chances of positive growth once after the election as prediction results are stating Joe Biden as the winner .

Yes, bitcoin is still giving value to investors and still remain decentralized currency in the exchange market.
With so many things Donald Trump has created to improve the economy of the country, show that other currency will definitely improve in the country with the positive things the president has put in place. Trump request for more money to be print during his campaign to make sure every organization  in the land is functioning till anyone will take over from him.
Joe Biden will take over from Trump which is causing many bitcoin users worry, that Biden can just change his mind to ban bitcoin in the country which he will not do that because of the massive vote bitcoin users gave to him on November 3 US presidential election.

 I think these things can have an effect only on the price. Biden passes huge stimulus bill which can increase the inflation. So as a hedge, more investors will buy into btc causing a price increase.

I think there is no connection yet for with American Election to BTC market. But we can say about nCOVID season when many men invested their money in this market as a safe home. And there also all positive news everywhere like swiss bank making custody BTC and US central Bank also making custody. But not say for election or president.

If that is the case, then the primary choice for most investors would be gold. Bitcoin is still regarded as something that is not exactly mainstream (although that perception is changing). From what I can see, the gold prices have remained stable (or decreasing slightly) for the last 6-7 months. So I have to assume that not a lot of people are worried about hyperinflation that results from the stimulus, at least in the immediate term. If there is concern in the market about hyperinflation, then the first sign would be a sharp spike in the gold prices.

You're totally correct, my companions just sold their coins in a panic I attempted to persuade them however fizzled.
Bitcoins aren't surviving with American support, it's overall cash, and everyone has the right to possess it.
How can someone sell their coin when he knows that bitcoin is flighty and wild. I acknowledge the way that legislatures are against it however this political decision has nothing to do with it