American election is nothing to do with BTC

[Lordhermes]

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.

[yayayo]

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!

[dhemasm]

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?

[durilup]

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

[bonjouros]

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.

[TedMosby]

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

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"?

[Majharul Saiif]

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.

[plast555]

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.

[dikobraz123]

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.

[uplymedia12]

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.

[ardentvolcanoes]

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.

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.

[uneng]

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.

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.

[dunfida]

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!

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.

[BChydro]

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.

[7788bitcoin]

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.

[AndySt]

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.

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.

[Vishnu.Reang]

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.

[XCANA]

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.

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.

[GeorgeJohn]

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.

[mezzaluna]

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.

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.