Find out how much the bitcoin price was during the past US elections
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Answer Find out how much the bitcoin price was during the past US elections
At the time of writing this article, votes are being counted to determine who will win the US White House chair, “Donald Trump” or “Joe Biden.” In the Arab Bitcoin, we are most interested in knowing the conditions of Bitcoin and how it performed during the past US elections.
Since Bitcoin is newly created (January 2009), it has attended three election events (2012 – 2016 – 2020).
Today Bitcoin is at $13,800 according to CoinMarketCap, up 3.59% in the last 24 hours.
On election night in 2016, when President Trump beat Hillary Clinton, the price of Bitcoin was then estimated at just $700.
After Trump’s victory, the price of Bitcoin soared to $735.
Read:The liquidation of more than 300 million dollars, coinciding with the rise in the price of Bitcoin to levels of 43 thousand dollars
This represents an 18-fold increase in the price of Bitcoin over the past four years (from 2012-2016).
In 2012, when Obama defeated Mitt Romney, he was Bitcoin price It equals about $11.2, and $12.56 a month after the election, which represents a 1,000-fold rise in bitcoin over the past three years leading up to 2012.
The above numbers show the huge differences in the price of Bitcoin that have been linked with the US presidential election as being a major global event.
As America tests the foundations of its democracy this month, bitcoin traders will also test new prices.
In the past month, the price of bitcoin has surged from around $10,500 at the start of the month to all-time highs of just over $14,000 over the weekend.
Many followers believe that Bitcoin is not connected to global events, and that Bitcoin holds a so-called “safe haven”.
Read:Selling an Ethereum-based digital artwork for $168,000…details here
Bitcoin is seen as an investment asset that is isolated from political events and will not be affected much by what is produced by the US election fund.
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