The presidency of the United States of America is not the only thing that varies every four years. And it is that, since the birth of Bitcoin, the cryptocurrency created by Satoshi Nakamoto, it has accustomed its users to having an exceptional performance. What has allowed it to become the most profitable financial asset so far this century. Well, as Dan Held points out in the Tweet of the day, Bitcoin increases between each US presidential election:
Bitcoin’s advance after every election
For those who have been involved in the crypto world from the beginning, the advancement of Bitcoin in recent years has been impressive. Well, the virtual currency born twelve years ago, happened in a very short period of time to be worth practically nothing, to become one of the most coveted financial assets in the world.
Thanks to this, today Bitcoin has become a world-class financial product. With dozens of companies participating in the crypto world, in what many consider the most competitive market in the world. Due to its decentralization, which makes it independent from any government.
These advances in the Bitcoin market have been noted above all in the price of the cryptocurrency. Well, it has been constantly increasing. Especially so far in 2020, when it has increased its value by more than 98%. An exceptional evolution, which can be clearly seen when comparing it with the years in which the US presidential elections have been held. As Dan Held did on his Twitter account:
Price of Bitcoin in the last three US presidential electionsit is:
- 2012: $ 10
- 2016: $ 700
- 2020: $ 13,800
This evolution in the price of Bitcoin after each American presidential election has no comparison in the financial world. And, although they have not been caused directly by the results of said electoral events. They are a good way to measure the development of the cryptocurrency. Opening the door for us to ask ourselves: What will the price of Bitcoin be in 2024?