BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.
Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes. I certainly would. I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.
What do you think of the recent price gains and if the prices will stay up or crash out?
Trump won the election. biden was INSTALLED, not elected. There's a difference.
The US can influence the global economy but as far as the crypto market is concerned at the moment it not based on the US presidential election and mainly the bull run was a result of institute involvement and PayPal allowing their user to buy bitcoin. I think this pump is here to stay for a while and chances are that price might go past $50k at the end of 2021 or in early 2022. But before this happen the price might dip to $25k for a slight correction.