Post
Topic
Board Trading Discussion
Re: Factors that might affect ATH in BTC price after halving
by
adaseb
on 09/04/2024, 03:19:47 UTC
...the upcoming event especially the USA election might prove a major factor in getting another ATH in the price of BTC after the halving,
I don't understand the logic on why the upcoming election in the US will be pivotal in giving Bitcoin another ATH. America with all her shenanigan towards Bitcoin can never be said to aid it. I don't believe it will boost BTC price. What I know is that there's going to be some alts floated to raise money for major front runners in the elections and that's as far as it goes. Those alts can blossom but I don't see that transcending to Bitcoin. It's a coin–cidence that the US election is the same year of Bitcoin halving and that makes it look like it has any impact on it. It doesn't.

It will have an effect some-what. You need to understand that if Trump wins the election then the stock market will rally hard. Like it did for most of Trumps term. And when the stock market rallies so will Bitcoin because from time to time its closely correlated.

We also know that he has a good stance on crypto now after he was pumping those Trump Card NFTs last year. And he also stated he likes Bitcoins for what it is. Complete opposite of what he said last time as he was president. So its very bullish.