BitcoinLong
US Elections impact on Bitcoin
Historically, no matter who wins the elections, Bitcoin wins:
- Bitcoin’s supply capped at 21 million coins;
- Immutable monetary policy;
- While governments will continue to print money;
- And expanding government debt;
Volatility is only short-term.
Here's why:
Like Paul Tudor Jones said, "All roads lead to inflation".
Cash will always lose money over time BUT assets like stocks, Bitcoin and crypto will go up in value.
In the short term, crypto might perform a bit better if Donald Trump wins the elections. He seems that the big crypto corporations (Coinbase, XRP, a16z) donated millions to Trump in exchange for more crypto friendly regulations.
In the long term, it doesn't matter who wins the elections. In the long term, Bitcoin and crypto are likely to perform well both under Trump or Harris. Why? Because the correlation coefficient between Bitcoin and the US M2 money supply is 83%.
- Bitcoin’s supply capped at 21 million coins;
- Immutable monetary policy;
- While governments will continue to print money;
- And expanding government debt;
Volatility is only short-term.
Here's why:
Like Paul Tudor Jones said, "All roads lead to inflation".
Cash will always lose money over time BUT assets like stocks, Bitcoin and crypto will go up in value.
In the short term, crypto might perform a bit better if Donald Trump wins the elections. He seems that the big crypto corporations (Coinbase, XRP, a16z) donated millions to Trump in exchange for more crypto friendly regulations.
In the long term, it doesn't matter who wins the elections. In the long term, Bitcoin and crypto are likely to perform well both under Trump or Harris. Why? Because the correlation coefficient between Bitcoin and the US M2 money supply is 83%.
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