Analyst: BTC value is only likely to rise significantly after the US election
According to an analysis by Bitcoin.com, looking back at the history of Bitcoin prices after the 2016 and 2020 elections, in 2016, the price of BTC peaked in December 2017, while in 2021, the price high was reached in November. For example, during the U.S. election on Nov. 5, 2016, BTC traded at $703 per coin, and by the end of 2017, it had soared nearly $20,000 USD. It is clear to see that the value of BTC has risen dramatically after each election. However, the peak of each bull market occurred about a year after the election.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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