$100,000 Bitcoin Is Just a Matter of Time

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As a seasoned crypto investor with a keen eye for market trends and a stomach for volatility, I find myself cautiously optimistic about the upcoming U.S. presidential election. Having witnessed Bitcoin’s post-election rallies since its humble beginnings in 2012, I can’t help but feel a sense of anticipation.

As the U.S. presidential election unfolds, there’s a strong possibility that the cryptocurrency market will see increased fluctuation. This could be due to the short-term changes in prices being affected by the results of the election.

Historically, bitcoin (BTC) tends to surge significantly following U.S. elections. Since it was first introduced in 2009, bitcoin has completed three U.S. election cycles, consistently experiencing substantial price increases post-election without returning to its pre-election values. If this historical pattern persists, the price of bitcoin might hit a new high around one year after the upcoming election.

It’s been noted on platform X that Bitcoin often experiences a decrease (or “dump”) around American elections. However, in the subsequent years, it typically surges significantly.

Historically, Bitcoin has shown a tendency to decrease in value leading up to U.S. elections. For instance, in 2016, there was a 10.2% drop, followed by a 6.1% dip in 2020. As of now in 2024, we’ve seen Bitcoin drop by 6.3%. However, such fluctuations are par for the course in the crypto market. What the market truly desires is clarity. Once the election is over, the subsequent four years become more predictable, enabling investors to make informed decisions about their investments accordingly.

2012 Election, November 5

Price on election night – $12

Cycle Top – November 2013, $1,100, a 12,000% gain

 

2016 Election, November 4

Price on election night – $710

Cycle top – December 2017, $19,000, a 3,700% gain

 

2020 Election November 3

Price on election night – $13,800

Cycle top – November 2021, $69,000, a 460% gain

 

Meanwhile, Google Searches for Bitcoin remain low, showing there is room for a much wider rally, if Bitcoin does go on a run. For now, it is a waiting game.

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2024-11-05 15:00