Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.
Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.
But still, we can’t deny that after Biden abandoned the presidential candidacy, bitcoin has started to surge high. So we can really tell that US election really makes an impact to bitcoin, although we can’t tell that everything that happens to bitcoin are attributed from this US politics.
Majority of the price events of bitcoin are still coming from its supply and demand. The good thing is, the demand for bitcoin has increased a lot more when Trump started to favor bitcoin and tells positive about it. Hopefully this is already a good start for the upcoming bull run.
At least US politics has something to do with bitcoin, both camps accept bitcoin and some reject it, so I think there is little influence on US politics.
Trump thinks bitcoin is positive - Kamala bitcoin is criminal money.
And what I know is that the US is the largest holder for bitcoin so it is a little clear that it has an influence, about the increase because bitcoin already has a 4-year cycle so we believe in it, but other factors can also determine the price increase.
If Trump wins there will be many positive things, but keep in mind that political promises can betray supporters if they have won.