Historical data reveals that Bitcoin's price often rises significantly post-U.S. presidential elections, independent of the political leadership, fueled by investors seeking safe-haven assets during uncertainty.
After the 2016 election, Bitcoin surged from $715 to over $18,000 by December 2017, showcasing its appeal as a safe haven amid market volatility.
The 2020 presidential elections coincided with the pandemic, yet Bitcoin recovered impressively, climbing over 450% in the following year as investors sought wealth protection.
By March 2024, Bitcoin reached a new high over $73,000, reflecting the pattern of significant price appreciation associated with U.S. presidential election cycles.
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