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How has Bitcoin price reflected previous US presidential elections?
- On November 5, 2012, BTC was trading at $10.80 and by December 2013, BTC had reached $1,250.
- During the US election on November 5, 2016, BTC was trading at $703 and by the end of 2017, BTC price had skyrocketed and almost reached $20k.
- On November 5, 2020, BTC was trading at $15,579 and by November 10, 2021, the price had reached almost $69K.
Since BTC's inception, history shows that BTC prices have increased sharply after each US election and peaked about a year later to complete a cycle.
This time too? Or will this be different? 3 replies
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