Traders taking a breather and a good time for all Bitcoin critics to take a nap since they can't throw the usual "network is congested, fees are high, not good for adoption". Some people may also attribute this to the US Presidential election being over. Whatever the reason is, I'm glad that bitcoin is bouncing above $15K. Is this an indication that after a short break a push to $20K is up next? I'd love that to happen but who knows.
The US presidential election has nothing to do with the Bitcoin blockchain congestion.The network got congested due to a large amount of transactions conducted in a short time frame.Unfortunately this might happen again and there's nothing we can do about it.
The Bitcoin critics will always find a reason to s*it over Bitcoin.If its' not the blockchain being stuck,it would be "Bitcoin is being used by money launderers and criminals" or "Bitcoin users aren't paying their taxes" or "Bitcoin is way too risky and speculative as an investment".The FUD list just goes on and on.