US Election-Year Bull Runs: How Bitcoin Historically Surged Post-Victory. With just 65 days remaining until the U.S. presidential election, bitcoin wrapped up August with an 8.6% decline compared to where it started the month. Historically, in the last two election cycles, bitcoin’s value has only shown substantial appreciation after the election had ended and a victor was declared. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717448665998-YAKIHONNES3.jpg
The 2020 election cycle also contributed to Bitcoin's growth, with the cryptocurrency experiencing a resurgence as investors sought alternatives amid economic uncertainty. As of early 2024, Bitcoin had crossed the $60,000 mark, driven by anticipation of the upcoming halving event and the approval of Bitcoin ETFs, which further solidified its position as a mainstream asset
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