How Will Bitcoin React if Either Trump or Biden Wins?

[Anonymous No.23840372]

Bitcoin blew past all major resistances, escaped its correlation with the stock market, and even reached a price level that was last seen in June 2019. Bulls have clearly shown their dominance and it is as if almost nothing can stop them. But will the leading cryptocurrency withstand the influence and results of today’s U.S. Presidential election?

Both Donald Trump and Joe Biden are deemed to have a high chance to win. More than that, experts now believe that both candidates will have a positive effect on the stock market. But how will the now uncorrelated Bitcoin react, if it even does? Do whales favor a certain candidate?

The ongoing narrative shows that the uncertainty surrounding the future stimulus bill has put all markets on hold, and the U.S. election results may just show how the situation may play out.


Check full article here:


https://cryptotelegram.com/bitcoin-us-elections-2020/

[Anonymous No.23840407]

>>23840372
>The ongoing narrative shows that the uncertainty surrounding the future stimulus bill has put all markets on hold
>Markets are on hold because welfare nigs haven't got their gibs

This logic just escapes me. A stimulus won't even effect 90% of the people investing in the markets...

[Anonymous No.23840456]

>>23840372
Bitcoin won't care. What Bitcoin cares about right now is breaking through 20k and heading for 30k. Strap on, I hope you got your stack ready. Never fucking sell until the ride to 100k is over

[Anonymous No.23840514]

>>23840372
A blue wave is the worst possible thing for crypto. 40% cap gains tax will shake all American long term hands out. I would expect a crypto crash, potentially followed by a rally

[Anonymous No.23840553]

>>23840407
US GDP is 4/5ths consumption. The only way to keep asset prices afloat is to keep junk debt off corporate balance sheets and ensure cash flow comes out of consumers via purchases and loan/lease obligations. If banks don't loan out their cash while everyone is unemployed, obligations topple in a domino effect. Giving stimulus checks directly to consumers circumvents the credit system to keep the bubble up a little while longer while unemployment continues to normalize.

If you don't think the stimulus will affect markets, you are fundamentally retarded.

[Anonymous No.23841179]

>>23840372
Dump eet

[Anonymous No.23842008]

It depends anon
The shadier it gets the moon will be more inevitable
Nothing will stop it fren
Only question is how much will they help it moon
But it can't be only thing on portfolio
Think Fuse and dyor
Alts is future