Does US election affect the bitcoin price?

[glendajguzman]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

[Hispo]

Not completely sure.
But I guess it affects it at least a bit, since each candidate has their own economic proposals and ideas that might represent an influence to the BTC holders and traders mostly.
Besides, it is well known that on BTC casinos people make some bets on the possible winners on the presidential elections, so those BTC movements might have a bit of influence as well. Just my guess.

[Febo]

Does US election affect the bitcoin price?

It should not, since no matter who will win the economic policy that USA is running for decades will continue no matter who will be president. USD will be printed.

[JohnBitCo]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

US election may have temporary impact on bitcoin price and it can pump/dump depending upon the political situation of the country during the election times. There will be no long lasting effect on bitcoin prices.

USD will be printed.

Doesn't matter. It will only make dollar more weaker than having any effect on Bitcoin BTC.

[Dorodha]

In my opinion, nothing can be said until the election it will usually depend on the US economy. There is also more political instability Bitcoin is not controlled by anyone but the demand for Bitcoin will decrease a lot if the dollar price falls. But if all goes well after the election it will drive people around the world to an alternative currency and transaction system. Growing markets will no longer want to be ‘associated’ with U.S. economic policy or the banking system and will become interested in alternative systems.

[theymos]

I tend to visualize the price of Bitcoin as being composed of two components: a "digital gold" component which will behave similarly to gold, and a "risk asset" component which will behave like leveraged exposure to the S&P 500. (Neither with 100% correlation, of course, since Bitcoin is its own thing.) The gold component is maybe 20% of the price currently, while the risk-asset component is maybe 80% of the price, so the risk-asset component usually dominates.

I think that any clear resolution to the election will boost risk assets significantly in the medium-term, Bitcoin included, since one of the biggest risks will be taken out of the picture. A chaotic, disputed election outcome will probably cause risk assets including Bitcoin to crash. If chaos lasts a long time, the "digital gold" component of the Bitcoin price may start to dominate more, and this may allow its price to recover more quickly than some other assets. Long-term, a Biden presidency is probably somewhat worse for Bitcoin, since his administration will be more anti-Bitcoin and will be much more likely to put forward harmful regulations. (Not that Trump is super pro-Bitcoin or anything...) I wouldn't expect these sorts of long-term predicted effects to cause much shorter-term price action, though, other than maybe a very-short-term panic crash.

[Oceat]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

You thought it wrong, it's just a coincidence that's why it happens since the Bitcoin halving happened four years ago and I think almost everyone know that after the halving, bull market will follow in no time. Besides, Bitcoin isn't centralized that you thought US would be likely controlling the price of Bitcoin, which is not. And FYI, mass printing of dollars would likely cause an inflation and I guess the government all know that.

[exstasie]

Does US election affect the bitcoin price?

It should not, since no matter who will win the economic policy that USA is running for decades will continue no matter who will be president. USD will be printed.

Money printing aside, the stock market is correlated to BTC, so I disagree.

If Biden wins, and especially if the Democrats take both houses of Congress, his administration will roll back lots of Trump's pro-business policies, tax cuts, etc. Investors know this and will definitely be pricing it in. The correlation between stocks and BTC will do the rest.

[goinmerry]

No related at all. Unless these presidential candidates will say something to bitcoin, like being positive or negative, it might gradually move the price.

But market-related, no direct connection at all. Countries, even how powerful they are, can't just easily print money for that purpose.

Why should they do that in the first place?

[semobo]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

If the price should increase just because of printing more money then the price of bitcoin will reach $100k or even more because that much amount of fiat were printed all over the world as well as in USA due to the pandemic recovery packages.Probably this will go into speculative thing which could increase or decrease the price but this is not something important,jist a common thing happens in crypto market.

[CryptopreneurBrainboss]

You thought it wrong, it's just a coincidence that's why it happens since the Bitcoin halving happened four years ago and I think almost everyone know that after the halving, bull market will follow in no time. Besides, Bitcoin isn't centralized that you thought US would be likely controlling the price of Bitcoin, which is not.

True that bitcoin isn't been controlled by a centralized systems, denying the government of a direct control of the price of currency but that doesn't mean they can't influence the price negatively or otherwise with their actions. For example, we can all see how the recent development of trump testing positive to the coronavirus having a negative impact on the market.

The US market is one of the strongest influencers on the bitcoin market as some major decisions placing out there does has a way of leaving an impact on the bitcoin market. Read through @theymos reply and you'll see some reasonable points in his statement. A Trump adminstration will be more favourable to the Bitcoin market than that of Biden, there won't be no coincidence there.

[LogitechMouse]

The election itself doesn't affect the price of Bitcoin.
On the other hand, the election may affect the price of the Stock Market in any way either a bullish or a bearish.

This will affect the price of Bitcoin since many believe that these 2 markets are correlated with each other so the effect of the Stock Market after the election will affect the Bitcoin's price. Either way, they will just print dollar still whoever wins .

[beerlover]

There is both correlation between them and there is also none. There is correlation in the sense that word does not really move during the election period, they wait for what will happen and see what happens and move afterwards, this is the part where they are connected. However the part where it doesn't is the fact that it doesn't have to move afterwards, or it doesn't make it go up or down neither, it just lets go off the breaks and lets it loose, this doesn't mean one thing or another happens afterwards neither.

For example, 2014 happened after 2012 election as well if you go further down and it was created after 2008 election too, you can always find connections that way but it just doesn't make it move, it just makes it not stop for sure which is different.

[daarul50]

It is not of course, you are too excited and maybe have no idea what bitcoin have been through several big moments without have any backup news like what you mentioned above regarding the US election,  it is just accidental event and cannot be considered as the main factor,  too naive and it cannot be.
The price move up and down pue come from people power who constantly trade behind their own computer , nobody can manipulate it or have bigger impact than the proplr power itself.

[UmerIdrees]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

If the price should increase just because of printing more money then the price of bitcoin will reach $100k or even more because that much amount of fiat were printed all over the world as well as in USA due to the pandemic recovery packages.Probably this will go into speculative thing which could increase or decrease the price but this is not something important,jist a common thing happens in crypto market.

That's the reason that bitcoin price is expected to rise beyond expectations. Bitcoin supply cannot be increased and therefore there is no inflation. Printing more fiat money give immediate benefit but it will bring big financial crisis in the long term. Under no circumstances, more fiat notes should be printed.

[KTChampions]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

I think there is undoubtedly an influence. I noticed that after it was announced that Trump had contracted the virus, the markets reacted with a drop. I may be wrong, but from this we can conclude that the weighted average market participant expects positive development with the continuation of the Trump presidency. The relationship between the stock market and bitcoin has been evident lately so yes.

[MFahad]

  In 2016, I noticed that the bitcoin Bull Run started right after the US election.
I don't know if this is due to huge of US$ Printing. Maybe a lot of money was printed just before the election which can be seen in the market after the election.
>>>>>>>>What about Your opinion? <<<<<<<<<<<<

I think there is undoubtedly an influence. I noticed that after it was announced that Trump had contracted the virus, the markets reacted with a drop. I may be wrong, but from this we can conclude that the weighted average market participant expects positive development with the continuation of the Trump presidency. The relationship between the stock market and bitcoin has been evident lately so yes.

I understand that there should be a link between Stock market and bitcoin , but i fail to understand why the trump infected with covid19 has an impact on bitcoin prices. Trump is elected president of USA and if something happen to him, this does not mean that USA has gone weaker. USA is not dependent upon Trump and therefore bitcoin prices should not be dependent on his health either.

[wiss19]

I don't have a reason to believe it should, so I would say not it should not affect the price of bitcoins but that said there is always some movement around elections so I mean maybe there is a connection between elections and the price of bitcoins. maybe some policy changes are expected and hence the price can rise or drop based on those new policies.

Also the effect of such events in a particular country should not have a big impact on the price of bitcoins because there is a small groups of people who might buy/sell bitcoins during these events take place so don't worry too much about these events and the price being affected too much. I avoid trading during such times though like when halving happens I avoid being falling the victim to FOMO while also don't sell.

[KTChampions]

I think there is undoubtedly an influence. I noticed that after it was announced that Trump had contracted the virus, the markets reacted with a drop. I may be wrong, but from this we can conclude that the weighted average market participant expects positive development with the continuation of the Trump presidency. The relationship between the stock market and bitcoin has been evident lately so yes.

I understand that there should be a link between Stock market and bitcoin , but i fail to understand why the trump infected with covid19 has an impact on bitcoin prices. Trump is elected president of USA and if something happen to him, this does not mean that USA has gone weaker. USA is not dependent upon Trump and therefore bitcoin prices should not be dependent on his health either.

I read a lot of analysts and most of them say that now the disagreements between the US presidential candidates are not just great, but insoluble. Obviously, with such contradictions, some option is worse (for the market) and some is better, so there is a direct impact on the stock market and indirectly on bitcoin. I am not an expert on the US and the stock market, but this connection (Trump's infection announcement -> stock market fall) has been highlighted by almost all people following politics and the stock market.

[adaseb]

Yes the 2020 election will have a short term impact on the price of bitcoin. Reason why is because since the start of this pandemic bitcoin and others cryptos have started to trade as risk-on assets which are stocks pretty much. Notice how when the stock market is crashing so is bitcoin? Its not a coincidence. Remember few days ago when Trump tweeted he had Covid19 and BTC started to tank? It was because global markets started to tank first and cryptos followed.

The 2016 election was not correlated. Even though him winning the election set-off a bull run it was more of a coincidence. Because back then it wasn't corrected. Especially in 2014-2015 when stocks were doing well but bitcoin kept going lower and lower and went below $200 momentarily.y

So the 2020 will definitely have an impact on the price of BTC.