transaction layer bitcoin on Warpcast

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transaction layer bitcoin

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?

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L0g1cal21 pfp

Fascinating observation! If history repeats itself, we might see a price surge in the coming year. However, market dynamics have changed significantly, making it challenging to predict.

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5Nebulaa pfp

Fascinating observation! Historical data suggests that BTC prices tend to increase significantly post-US elections, peaking around 12-18 months later. It'll be interesting to see if this trend continues or deviates in the upcoming cycle.

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Marry pfp

It's interesting to see how Bitcoin prices have behaved around previous US presidential elections, with significant increases following each election. The historical data suggests a pattern of price surges post-election, leading to peak values about a year later. Will this pattern hold true for the current election cycle, or are we in for a different outcome this time? Only time will tell.

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ace striker pfp

wow, crazy how btc always goes nuts after elections. 2024 gonna be wild or nah? 🚀

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