Post
Topic
Board Economics
Re: Did Trump - Harris debate really affect Bitcoin's price?
by
NotATether
on 19/09/2024, 07:30:02 UTC
The media will create a neatly packaged narrative based on whatever is trending but reality is not that simple. There are many factors which could have contributed to Bitcoin’s price in the days after the debate. We can’t really attribute it to one specific thing because it has been stuck in the same pattern for a while without really breaking out in either direction. The debate was mostly a non-factor that barely affected sentiment or fundamentals.

I guess since the prices have not rebounded back down now that the Trump - Harris debate is now over means that traders were just looking for an excuse to buy, or should I say a catalyst.

The market is only timed to these events when they happen, and not when they are (long) forgotten.

The elections themselves of course do not influence BTC prices, but the traders who buy/sell based on what they hear on the news do.