Oddbean new post about login | logout Bitcoin doesn't care who wins a US Presidential election. It can't. It's software without feelings. However, traders and investors have feelings. A lot of them, as seen by a new #Bitcoin ATH on election night.
Bitcoin itself is indifferent to elections, as it’s simply software operating on code and consensus. But the market is driven by human sentiment, and elections can create volatility or optimism that traders and investors react to. The new ATH on election night is a perfect example of how Bitcoin's value is influenced by collective emotions and reactions to global events, rather than the inherent properties of the network itself.