Does it matter who wins the U.S. presidential election? Analysts reveal 'historical trends': BTC will rebound after the election

Does it matter who wins the US presidential election?

With the countdown to the U.S. presidential election, investors will focus on the candidates' policies, voting results, etc., hoping to turn to market reactions. This is especially evident in the encryption currency market, where most people believe that the former president, Trump, who is considered to be more friendly to encryption currency, could be the Favourable Information to open the bull market if elected.

However, analysts have recently pointed out that the initiation of the BTC ($BTC) Bull Market "may actually have nothing to do with who is elected". Looking back at history, BTC ($BTC) has gone through 3 U.S. presidential elections since its inception in 2009, and is about to face the 4th.

And past experience shows that although the price of BTC ($BTC) has been extremely unstable before the election, it often welcomes a rebound after the election.

As for this time in 2024, will it be as analysts expect - regardless of who wins or loses, it will boost the BTC ($BTC) market to new highs? Let's first take a look at historical data and review the performance of BTC before and after several past elections.

2012: 12,000% increase

The US presidential election on November 5, 2012, saw BTC hovering around $11 per coin. The post-election Fluctuation immediately brought BTC into the rise channel, leading to a big pump in the following year.

In November 2013, the price of BTC reached $1,100, an increase of about 12,000%. This significant surge is also considered a key period for BTC's transition from "digital currency" to "digital gold".

2016: A 3,600% increase

By the 2016 US presidential election, the price of BTC was around $700 before the election. As the election concluded and the global economic situation gradually stabilized, BTC continued to rise over the next year.

The following year (2017), the price of BTC reached about $18,000 in December, an increase of over 3,600%. This period of increase slowly brought BTC into the public eye, prompting the rapid expansion of the Cryptocurrency market.

2020: 478% increase

In November 2020, during the global Covid-19 pandemic, the macroeconomic turmoil intensified, but BTC continued to rise rapidly in the months after the election, reaching a historical high of 69,000 in November 2021, a gain of about 478%.

2024: Can BTC break through $100,000?

Based on past trends, analysts believe that BTC may rise again after this election, but considering the obvious "decreasing amplitude" between the Bull Markets from 2012 to 2020, analysts believe that the reasonable price of BTC's current Bull Market peak is about $103,500.

It's worth noting, though, that BTC's current value appears to be "significantly undervalued."

Analysts pointed out that with the BTCSpot ETF passing and many traditional Financial Institutions entering earlier this year, combined with the loose monetary policy of the Federal Reserve and the unstable global economic environment, various factors may break the previous pattern of decreasing price increase for BTC and achieve a super bull market.

Although everything is just speculation at the moment, regardless of who ultimately wins the US presidential election, as long as the market is stable and funds continue to flow into Bitcoin, BTC may enter another growth period. With the maturation of the encryption market, the growth of BTC is also expected to be more stable, gradually becoming an indispensable part of global investment portfolios.

[Disclaimer] There are risks in the market, and investment needs to be cautious. Analyst views are for reference only. Users should refer to more diverse indicators to judge whether to invest, and consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investment based on this, at one's own risk.