Post
Topic
Board Economics
Re: Did Trump - Harris debate really affect Bitcoin's price?
by
Wexnident
on 12/09/2024, 13:50:22 UTC
Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?
I don't think so lol. Pretty sure it's just a clickbait and whatever people say otherwise is just them forcing politics down the markets throat. The market was already showing signs of recovery from the 54k levels. I'd probably relate it more AFTER the election ends, and if Trump does win. He's more on the side of crypto afaik after all. Him doing something about crypto remains to be seen though but for now, his the more favored candidate for Bitcoin enthusiasts who do connect politics to crypto.

And as you've already said, even if it was connected, it should've went up due to the results. Honestly sounds dumb to relate the movement of Bitcoin to one factor really when there's countless factors.