Does US election affect the bitcoin price?

[STT]

The effect doesnt have to be direct, change of President will certainly weigh into stocks and bonds and Crypto is listed on leveraged account alongside those positions.    Its just for the simple reason that when my long SP500 stocks bet goes down I get a margin call that requires me to produce capital or sell other positions and crypto is far more speculative then stocks and bonds in most traders minds.
  Of course there is the pure crypto holder and speculators but theres a fairly large amount of corporate and general trading in crypto now, has been for a while because BTC is a listed price for options they are here in the price every day so politics moves crypto.     The back bone to crypto is always going to be users, thats who I care about for solid prediction but the price for just pure users is below 10k for sure and froth up or down will move us more immediately.

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[iamsheikhadil]

I highly doubt there's no relation. US is the strongest country with the biggest economy. It influences the world by every means. Hence, US elections deeply influence as well as manipulate Bitcoin, stock and every markets across the globe! However, I don't think the 2017 bull run was because of US elections as Trump himself is very anti-bitcoin as proved by his tweets regarding Bitcoin.

[Chrystora123]

I think the scenario is simple --> when one of the candidates is elected (Biden or Trump), investors' worries will be reduced, if investors are not worried and put them fund to invests then the US Dollar exchange rate will automatically move positively against other currencies.  when investors start investing, the unemployment rate will decrease and those who start working and making money will definitely start looking for good investments so their chances of choices at Bitcoin are very big because of its price stability in this "PANDEMIC" period.  we know that the US is one of the countries with a high number of Bitcoin players, it will definitely affect the Bitcoin price even a little..

[barbara44]

I believe that Biden or Trump makes changes. Trump is the sitting president right now and I do not know how it could affect bitcoin if the price somehow stands the way it is right now, if the president is the same one that was a month ago, how could it change a month later?

But, if Biden wins that could change something, I don't know if the changes would be for good or bad because we do not really know what Biden thinks about bitcoin and he never talked about it and giving his age he probably doesn't even understand it properly neither, at best maybe someone talked about it to him but that's about it, so he probably wouldn't have too much of an impact neither. But the only way bitcoin change is if Biden comes, because Trump has been around for the past 4 years and market won't react to him continuing.