
The election vote counting ends, and we wonder, does the result affect the price of Bitcoin?
It is not news that the presidential elections generate speculation not only in the stock market, but also globally. The sympathetic acceptance or not of whoever the new president was generates uncertainty in the economies but it will inevitably do so in the crypto world.
Having hit the 15K streak, Bitcoin faces a tough road from now until December to break through its all-time high. What will it depend on?
Mainly from obtaining a good resistance over its current price within the next few weeks, but also from the fluctuation of other values such as the US dollar and oil.
But it is impossible to deny that the price would be hugely boosted to get a positive look from a presidential figure. We have seen cases in countries whose representatives do not bet on cryptocurrencies and these do not seem "socially" to be accepted, but in other countries where the executive image is positive, the population turns to crypto to generate profitability on their own money. Is it time to withdraw them? Definitely not. The price of Bitcoin has more good views than bad, and 80% of traders, experts and speculators finally agree that it will be unstoppable.
