Biden's winning effect on the crypto market.

[yhiaali3]

For me, I see that Biden's winning effect will be temporary and limited, in these conditions full of anxiety and waiting, it is natural for global stock exchanges and Bitcoin to be highly volatile, but it will not be long until calm returns to the markets with the stability of things in the new US administration and the new president.
Biden’s election will not have a long-term impact on Bitcoin, on the contrary, Bitcoin is preparing for a big leap that we will witness soon, and most expectations are that it will achieve a new historical peak.

[daarul50]

like a lot of other things, the result of US presidential election has very little effect on bitcoin in a short time which we saw the biggest part of that small effect as the small drop below $15k before price bounced back up again.
things like this are just news that cause some excitement in the market for a day or two and then things go back to normal which is currently a bull run.

People love so much correlating one thing to another nowadays especially when it comes to deciding bitcoin price movement factors.
I do believe the price plunged from 15800 usd to 14500 usd is naturally made and could possibly as a reaction of the election result but yes once again it takes a little part only as it is not everybody who hold bitcoin care about this election thing , that is the logic i used.
We are good no matter trump or biden wins , bitcoin is on its way into the new ATH all the way

[slapper]

So the result of the election does influence the price of bitcoin. I am surprised that people are happy to buy bitcoin when Biden is anticipated to become the next president ( I use 'anticipate' because he is not officially achieved this title yet). I hope this is not a short term FOMO since bitcoin really need to remain stable in the current situation. A big sell-off can easily pull bitcoin to the edge which might damage the belief of bitcoin investors


I personally do not think that Biden related to the significant move of bitcoin. It easy to see that any US president will not give a damn care about bitcoin or decentralized technologies. Tax is absolutely their first priority while the decentralized system gives people the capability to avoid not just tax, but also inflation. Being anonymous on the Internet is absolutely great. We can hide from both government and big companies

[coin-investor]

There's nothing to convince me that Biden has something to do with why the price is going up or going down, we are just looking to connect at this event and speculate on it, if Biden announced that he will stop Cryptocurrency or make it illegal then we have something to worry about, the market could crash, but Biden seems to be kind of guy who is very open to anything, and he would like to unite things.
So let him take his seat and wait, I will still see the market still going up and going down even before he takes his oath and after he takes his oath.
 

[CyberKuro]

There's nothing to convince me that Biden has something to do with why the price is going up or going down, we are just looking to connect at this event and speculate on it, if Biden announced that he will stop Cryptocurrency or make it illegal then we have something to worry about, the market could crash, but Biden seems to be kind of guy who is very open to anything, and he would like to unite things.
So let him take his seat and wait, I will still see the market still going up and going down even before he takes his oath and after he takes his oath.
 

A president's policy on economic growth will affect bitcoin directly and indirectly.
If a policy could support a part of the bitcoin ecosystem, mining, exchanges, bitcoin trust or bitcoin ETF, then the price will definitely skyrocket and vice versa, because the US has the most traffic for bitcoin. Or at least he won't do anything about cryptocurrency, just leave the market as the way it is now, nothing will harm the growth of bitcoin.
Now you see, we hope he will support crypto or doing nothing about it.

[lixer]

Still not convinced that the election has something to do with the sudden price increase in the market price of Bitcoin, not also sure of the actual reason but it is just something to celebrate and I'm already good with that.

There were speculations that if Trump wins the stock market will see a growth and if Biden wins there will be a sink so that might be a reason behind this theory but I agree that there is no genuine reason apart from speculations.

The market price of cryptos in the first place is volatile so there is still a possibility for a market price dump no matter how we want the market to continue.

Yeah, even before the elections result the price was continuously moving so we don't know for sure if relating the price change with elections result is the right thing to do. I don't think the Biden winning election affected the BTC prices at all apart from the gamblers who made bets on the elections and had to wait so long for their bets to settle because of the confusion around the results.

[mahilchii]

Expectations were higher but unfortunately there was no specific changes in the price, thats why crypto is volatile and unpredictable. Here there is nothing to be dependent on, all you need to have is patience after investing. Crypto is huge and big no one can change its growth.

[wiss19]

I was wondering the price may go up if Biden wins, fortunately there was no changes and I came to know that American election didn't had any impact on crypto currency.

You know, the result was official later but the winner was already known for days so you can't expect the price of Bitcoins to change suddenly when the winner is announced officially. I mean for days Biden was ahead and even though Trump was trying his tricks by saying the votes are manipulated and the counting was manipulated but everyone knew it was time for Trump to leave.

So, maybe the price of Bitcoins that saw a hike during election results process might be because Biden was the winner quite clearly and trump never moved ahead of the 214 mark in terms of electoral votes.

[el kaka22]

People always love to find these type of connections between price of bitcoin and whatever is going on around the world, sometimes very close to what happens in the crypto world as well but not directly. Remember 2019 peak? We had like almost $14k and went down under to $7k by the start of this year, well during that peak times the talk were all BAKKT starting to work with BTC and on top of that we had Libra by facebook for a stablecoin that could be used to do anything on their platforms and also be able to send money anywhere you want. They weren't really the real reason, but they were seen like that because it happened to be on the same period bitcoin went up.

There is only one reason bitcoin goes up, which is a lot of people buying (more bitcoins bought than sold at same price means price has to go up in order to keep buying via lack of sellers willing to sell on the same price) and that only happens when buyers find a good reason to buy and think price will go up. There is no other reason why it goes up.

[Findingnemo]

I created a thread immediately after I witnessed the price dump but it maybe just a coincidence since then the prices are not actually reacted to the results, probably we can find another effect at the time of President change.

[Wulan_maniez]

During the American presidential election campaign, there was actually no effect on bitcoin’s rise because before that there had also been a lot of positive news about bitcoin. and the price of bitcoin was already good before the American presidential election.
Regarding the falling price of bitcoin, I think a lot of factors, and we don’t know for sure what the cause is, all opinions are just speculation. Most importantly at the moment, the price of bitcoin is already going well. And we’re just waiting for bitcoin to exceed the current price.

[ReiMomo]

The increase and sudden decrease in the bitcoin's price have something to do with the election. During the campaign period when Americans are in doubt they need to find ways to secure their assets for the meantime and people know that bitcoin is a safe haven that is why the demand back then is really high but after the announcement investors started to make turns and pulled out investments again.

Paypal and Binance may have also impacted these changes on the bitcoin's price since Paypal already adopted bitcoin in their service more people are now getting aware of it and that is why the increase in demand has started while with Binance announcing that they will be blocking US residence in their service so most it has an effect on the dump in bitcoin's price.

[bitgolden]

Biden will have a big, HUGE impact on bitcoin if he actually signs off on the stimulus bill and everyone gets thousands of dollars for covid help. That improved the price last time it happened and I assume it would definitely help next time it happens as well.

Looking at the senate, they literally rushed a supreme court pick at the last second before elections happened because republicans wanted to put one more person in there, whereas they still haven't decided on the stimulus package that would help over 300 million people during a bad period, which shows that republican senate will not do anything about stimulus until January at least, at which point either democrats will with the senate from run-off races, or they will have to let Biden get an executive order in place.

[qualitywork]

During the American presidential election campaign, there was actually no effect on bitcoin’s rise because before that there had also been a lot of positive news about bitcoin. and the price of bitcoin was already good before the American presidential election.
Regarding the falling price of bitcoin, I think a lot of factors, and we don’t know for sure what the cause is, all opinions are just speculation. Most importantly at the moment, the price of bitcoin is already going well. And we’re just waiting for bitcoin to exceed the current price.

Yeah, the uptrend in the value of bitcoin started with positive news about Paypal's integration and since then it has not reduced much. I am not sure if the whole US election and it's results merely has any effect on the value of bitcoin or not because we cannot solely credit US election for the pump.

[Ryker1]

Well, the US election perhaps not have a direct impact on the bitcoin's value or better we should say a little impact because we all know that investors do mind on their assets whenever an election is coming probably the fear of missing out or any laws that can be implemented once that a new president will be elected. Perhaps, -- I am positive that Paypal's adoption of bitcoin in their service has given us a bigger impact on it's valued since it brings a positive connotation to bitcoin legitimacy that brings people's bitcoin awareness when it regards to investment.

[Chrystora123]

I never thought that the price changes (bullish or bearish) that occurred in Bitcoin were caused by factors other than "market demand".  the whales play with you, they buy and sell on certain occasions in order to manipulate your mind and make you associate the patterns they make with other things like politics.  Just remember the formula that the price of decentralized coins is only impacted by market demand..

[smyslov]

I don't see any correlation, we just trying to connect the price on current events that we are having, Biden winning and Trump losing has nothing to do with the market, we are now ok even before and after the election, it is when Biden announce something about Cryptocurrency that we should relate it to the prie positive and negative.
I just want to enjoy what we are having now, good price and profit.

[7788bitcoin]

I never thought that the price changes (bullish or bearish) that occurred in Bitcoin were caused by factors other than "market demand".  the whales play with you, they buy and sell on certain occasions in order to manipulate your mind and make you associate the patterns they make with other things like politics.  Just remember the formula that the price of decentralized coins is only impacted by market demand..

The news outlets especially the online media which includes the social media will be giving you the idea of attaching the market demand to certain occasions or it might be the institutional investors taking those opportunities to invest so that everyone else would think that the market is rising because of other factors  .
The price of any financial asset depends upon market demand, be it centralized or decentralized .

[Fesatmas]

when announced Biden won the election, the price of Bitcoin fell sharply by more than $ 500,
but after that it went up again and back above $ 15k, and now dump again,
I don't know what will happen next, but it's certain that Biden's win is the cause.

I don't think so for the whole, if the cause of bitcoin rising is due to Biden's election. perhaps it is more of a factor or as part of an indicator of a rising bitcoin price. because there are still many elements that affect the price of bitcoin.
so it is not necessarily totally due to Biden becoming president.

[barbara44]

There is no doubt that stability and even "boring" presidency would help us. As long as we are not in a situation where a president like Trump who could do anything crazy at any given moment people would feel a lot better about their investment.

During Trump presidency he could have come out and said "I love bitcoin, it is better than money" and made the price sky rocket but he could have always said (and did said a bit) something like "Bitcoin should be illegal and not allowed" and nobody would be shocked by neither of them so he had a chance to make it go super high or super low with one tweet and that is both good if supports or very bad if he is against. Biden is not like that, he would be boring and regular and nothing gigantic like that could ever happen during his period.