Bitcoin 2020 Election

Election has put the country on course for its highest turnout in a century with campaigns and candidates dominating headlines.

Bitcoin 2020 election. Below we re presenting the findings of bitcoin magazine s first ever election sentiment analysis our survey asked bitcoiners to tell us which presidential candidate they were hoping would win how they think bitcoin would be affected if either donald trump or joe biden emerged victorious and to share any other bold predictions they had for btc following the election. Breaking down how the 2020 us presidential election could impact bitcoin its price and the future of crypto. The bitcoin price has soared in the run up to the. Related reading how the 2020 us presidential election may be keeping bitcoin at bay analysts are expecting a joe biden win to do the opposite.

It s not surprising given that 43 of gen z and millennials think that crypto could replace the us financial system today. In fact the bank of america believes that of the four potential election results a mixed presidency and senate will be the most deflationary. Bitcoin rose above 14 000 as investors grappled with an uncertain election outcome in the u s. The leader in blockchain news coindesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

These same analysts worry that amidst one of the greatest recoveries on record and peak exuberance such a win may not yet be priced in. Bitcoin is seeing some strong price action heading into election day with bulls attempting to retest the resistance the crypto has established around 13 800. Blockchain voting may still be a way off but 2020 s us presidential candidates are starting to take bitcoin and other cryptocurrencies seriously. The world s largest cryptocurrency rallied as much as 3 8 wednesday to 14 265 its highest level.

If 2012 was the facebook election and 2016 was dominated by twitter 2020 could be the year of the bitcoin president. With the 2020 u s election season surging to its conclusion the impact of its results will be visible across the stock market but the same cannot be said for the crypto market. Bitcoin and the 2020 us presidential election.