American election is nothing to do with BTC

[nelson4lov]

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

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.

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.

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.

[Vaskiy]

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.

[SektorPiii]

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.

[fauzan123]

The election is going to have a lot of impact in 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.
And we expect the stocks to start rallying and bitcoin might also start doing the same.

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.

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.

[dunfida]

The election is going to have a lot of impact in 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.
And we expect the stocks to start rallying and bitcoin might also start doing the same.

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.

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.

[ekeh]

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.

[ice18]

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.

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.

[ChiBitCTy]

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.

[AndySt]

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.

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.

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.

[Traderbtcc]

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.

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

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.

[Delisaara]

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

[plast555]

The elections have passed and the price continues to grow, so do not think that such events can affect the price in reality.

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.

[Fredomago]

The elections have passed and the price continues to grow, so do not think that such events can affect the price in reality.

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.

[mich]

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.)

[shimulnabila]

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

[proTECH77]

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.

[thecryptogandalf]

 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.

[pragna]

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 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.

[bryant.coleman]

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.

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.

[worldofcoins]

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