Despite the controversies surrounding him, Trump ran for the 2016 presidential election as a Republican and defeated Democratic candidate Hillary Clinton in a surprise victory. Donald Trump is the first person to assume presidency without prior military or government service and at 70, he is also the oldest one to assume the office. Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price's upward trajectory. He draws on a number Bitcoin, which came into existence in 2009, has been around for two US presidential elections. Bitcoin was trading at $12 during the 2012 elections but experienced massive gains to reach $700 per coin during the 2016 elections. Since then, Bitcoin has grown by 1,900% as it trades around the $14k mark in the ongoing elections. During the last US Presidential election cycle of 2016, top stocks fell sharply including S&P 500 and SPX, which bounced back right after the election and reached all-time highs. While the markets are volatile this time around as well, but instead of seeing a fall in value, most of the stocks are in green and S&P 500 is up by 3% today. Bitcoin during the last presidential election was not a ... The US Presidential Election 2020 is on the verge of conclusion as the final votes are being counted in. The early projections suggest former vice-president might have an advantage over the current president Donald Trump. Financial markets often tend to react sharply in accordance with the key political events around the globe, and the US The post Bitcoin [BTC] Eyes $20k as the US Presidential ... Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin (BTC) is actually part of a sustained rally since […]
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