Bitcoin Performance in US Elections
October 4, 2023
Anonymous
What was Bitcoin's performance in the month leading up to the US elections for the past 3 election cycles?
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Here's the performance of Bitcoin in the month leading up to the US elections for the past three election cycles:
2020 US Election (3rd November 2020)
- Starting Price (3rd October 2020): $10,826.59
- Ending Price (3rd November 2020): $13,776.80
- Price Change: Increase of $2,950.21 or approximately 27.24%
2016 US Election (8th November 2016)
- Starting Price (8th October 2016): $619.24
- Ending Price (7th November 2016): $710.74
- Price Change: Increase of $91.50 or approximately 14.79%
2012 US Election (6th November 2012)
- Starting Price (6th October 2012): $11.89
- Ending Price (5th November 2012): $10.63
- Price Change: Decrease of $1.26 or approximately 10.59%
It's evident that Bitcoin's price showed a significant increase in the months leading up to the 2020 and 2016 US elections, while it experienced a decrease in the month leading up to the 2012 US elections.