Quote from: Finestream on Today at 04:07:41 PM

Biden and Trump may create an effect to bitcoin but I don’t think the whole pump of bitcoin these days are only attributed to Biden or Trump, but it’s probably the right time for bitcoin price to skyrocket again after its price has dumped few days ago. Let’s just say when its demand, adoption and its market sentiments are doing in favor of the market, the whole price of bitcoin will certainly be moving upward, not the other way around.

Yea there is no denying the fact bitcoin it self stands strong against any manipulation, so no individual can actually manipulate bitcoin, what impacts the market price of bitcoin is just the demand and it’s supply, bitcoin is a very great asset that we all know will get better in terms of demand and over a long period of time price will grow that’s why the plan is always to invest in it for a very long term, it’s just pure economics.

But we all know that there are events that are catalysts to the demand or supply of bitcoin, a strong example is the halving which it’s period is usually a time of high demand for bitcoin. Other than that there are other catalyst again mostly propagated by news outlet, example is the sells of bitcoin by the Germans which Incited a FUD and later went to create a large supply and a dip occured.

In my opinion the US election definitely has its own ability to cause create a supply or demand catalyst, even though it is not that huge but it is already in play. Trump takes side with bitcoin anything positive from him will cause s short term demand, Same a positive news from Biden side will be negative on the bitcoin side. I wouldn’t say Biden out will cause a bull run, but anything related to trump winning now will usually causes demands