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❓ASK Can US Presidential Crisis is the main reason behind BTC surge

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nazgee

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The price of Bicoin is going to sky after start of new year and it will reach 40K Dollars very soon. Are you think the US Presidential Crisis is the main reason the Price of Bitcoin surging to very high. Please give you valuable comments on this.
 
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I don't think Bitcoin bullishness is about that. For some reason, I could not establish a link between this event and the rise of bitcoin.
 
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From the look of things it wasn't about the presidential crisis after all, since the price is still very high so it about the forces of the market both the demand and the supply
 
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Bitcoin has even gone down in the last few months and has rise up in the last few weeks. So the price is over $40 as I'm speaking. The volatility is depend on the acceptance of bitcoin more in the market.
 
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Well , it is sad that actions of government can now affect the cryptocurrency world which shouldn't have been the case . I hope it stops
 
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Niftyicon said:
I really do not understand how those two things even correlate to affect the other. I also need enlightenment on the issue because all I know is that more investments make the price increase.
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Government also affects bitcoin in one way. if government ban crypto in her country, This will make users not to be able to deal with anything relating to crypto and this affect crypto because it reduces the number of users in the market.
 
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Well, it has been excellent since the start of September. I don't know the reason for the surge. But whatever it is, let it continue. $60 price mar is the target.
 
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Although the crisis affected the price then , there was a huge drop and less demand occured , I think it was during that times the government was making plans on introducing taxation
 
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I think bitcoin prices are linked mostly to the big market countries like china america. Whenever a new government takes control all the functions changes and also a financial change take place. May be bitcoin price is affected by it.
 
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nazgee said:
The price of Bicoin is going to sky after start of new year and it will reach 40K Dollars very soon. Are you think the US Presidential Crisis is the main reason the Price of Bitcoin surging to very high. Please give you valuable comments on this.
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I don't think this was a main reason why bitcoin price surged that much this year. Many institutional and individual investors entered crypto and made a lot of investment thereby pushing market up especially in the beginning of the year.
 
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