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[AudraMiller]

There are many factors that influence the price of bitcoin, and in fact we have seen in the past that minor changes to countries and their economies have resulted in shifts int eh price of bitcoin. According to Jeff Dorman, however, the outcome of the US elections that are set to take place very soon, will not have an effect on the price of bitcoin.

In fact, if his predictions are anything to go by, it seems that the price of bitcoin will continue to rise despite the election process. According to Dorman, the recent news about bitcoin and how it is spreading has stopped a lot of the fears that investors previously had into the crypto and that is why there are more and more people that are willing to make the investment into bitcoin and drive the price up as well.

Do you think this is true? Do you think that the election outcome will influence the price of bitcoin? I think that it might, especially since the outcome will also determine the acceptance of bitcoin and other crypto as well.

 

[Wisdom01]

It cant infulence the price of bitcoin , because bitcoin is been traded all over the world and not only USA so any outcome of the election wont influence the price

 

[AudraMiller]

It cant infulence the price of bitcoin , because bitcoin is been traded all over the world and not only USA so any outcome of the election wont influence the price

I think that the main reason that this was said is because the US is a large economy and to be honest they also have a large impact on the global economy as well. So naturally the aim would be to minimize changes here for global stability.

 

[Wisdom01]

I think that the main reason that this was said is because the US is a large economy and to be honest they also have a large impact on the global economy as well. So naturally the aim would be to minimize changes here for global stability.

Its not only US that have a large economy , other countries do also and also their infulence dosent affect global economy since every country is independent on their own

 

[AudraMiller]

Its not only US that have a large economy , other countries do also and also their infulence dosent affect global economy since every country is independent on their own

I agree that every country is independent in terms of their own economy, however, I think there are some countries like the US and china that have a pretty huge impact on the global economy as a whole because their economies are so large. Just my opinion.

 

[highspeed]

You have to forgive me but, in my opinion, I disagree with Jeff Dorman's idea. Surely the presidential elections, depending on their outcome, will have a considerable influence on Bitcoin and on the global economy.
Anyway...

 

[AudraMiller]

You have to forgive me but, in my opinion, I disagree with Jeff Dorman's idea. Surely the presidential elections, depending on their outcome, will have a considerable influence on Bitcoin and on the global economy.
Anyway...

I think so as well. I think it will be dependent on the stance of the new president. If they are for bitcoin, the use of it can increase, but if they are against it, it could result in a major loss in demand for the bitcoin community.

 

[Josemendez]

I totally agree with him , there is no impact of the forth coming of US election on Bitcoin because Bitcoin is not dependent on a particular factor especially when it comes to politics

 

[highspeed]

As with any commercial issue around the world there are two important factors: demand and request.
Then the Bitcoin, too, is not exempt from these two.

 

[Ginatime]

The amount they stake on Bitcoin is not enough to determine the rise and fall of Bitcoin. Bitcoin is a crypto that has been rising on it's own without the US election.so I don't think their election can have any effect on Bitcoin market

 

[Miamipiper]

To me I believe so many factors are involved here. But the most significant is that almost everyone using the internet around the world Knows about this election.

Again, a good percentage of heavy Bitcoin users are gamblers. In essence, these gamblers will be buying to stake on the election outcome.

Mind you, there are many verticals to the election outcome and not just Biden or Trump. There are verticals for: who wins in a particular State, the percentage of outcome in a State, who leads after a particular time, etc.

All these leads to more buying which in turn increases the price of bitcoins.

 

[Niftyicon]

We can only debate for or against but we would only know for sure when the elections are concluded if there would be an effect or not on bitcoin price.

 

[highspeed]

Well, I have repeated this many times here: due to extreme urgency for the covid problem, many sell their Bitcoins, in order for the health! So I believe this is almost to be defined as a concrete fact.

 

[Mahdi0515]

Surely there will be effect on bitcoin because of the ellection

 

[Yugocean]

Bitcoin crossed 15k even through US election are near result. It may touch $16k anytime, BTC price is going strong, I will not recommend purchasing BTC now as it is becoming difficult.

 

[Brain]

There are many factors that influence the price of bitcoin, and in fact we have seen in the past that minor changes to countries and their economies have resulted in shifts int eh price of bitcoin. According to Jeff Dorman, however, the outcome of the US elections that are set to take place very soon, will not have an effect on the price of bitcoin.

In fact, if his predictions are anything to go by, it seems that the price of bitcoin will continue to rise despite the election process. According to Dorman, the recent news about bitcoin and how it is spreading has stopped a lot of the fears that investors previously had into the crypto and that is why there are more and more people that are willing to make the investment into bitcoin and drive the price up as well.

Do you think this is true? Do you think that the election outcome will influence the price of bitcoin? I think that it might, especially since the outcome will also determine the acceptance of bitcoin and other crypto as well.

I think it will influence it positively because there will be supporters and lovers advocating for the betterment of things in the crypto world. People are really coming to know bitcoin now as it is becoming very popular

 

[bitforex22]

Bitcoin crossed 15k even through US election are near result. It may touch $16k anytime, BTC price is going strong, I will not recommend purchasing BTC now as it is becoming difficult.

You are right , usually people who buy at raise level can go in negative if btc starts falling and it has impact on other altcoins as well , the best time is always to buy on after 1 dip and then at-least 5 days further for markets to stabilize

 

[chasiecoins]

US election has no impact on Bitcoin even though we know that in 10 Bitcoin's years, the first (maybe), the one, and the only US President that give attention/reaction/respond even it was just a twitter Shout Out (although it was a negative one it's still a US President's Shout Out) was Trump. It should be written in Bitcoin history for sure. Kudos to Mr. Trump.

And also Bitcoin have big rise only on Trump Era. 2017, 2019, 2020.

 

[CrazySher]

There are many factors that influence the price of bitcoin, and in fact we have seen in the past that minor changes to countries and their economies have resulted in shifts int eh price of bitcoin. According to Jeff Dorman, however, the outcome of the US elections that are set to take place very soon, will not have an effect on the price of bitcoin.

In fact, if his predictions are anything to go by, it seems that the price of bitcoin will continue to rise despite the election process. According to Dorman, the recent news about bitcoin and how it is spreading has stopped a lot of the fears that investors previously had into the crypto and that is why there are more and more people that are willing to make the investment into bitcoin and drive the price up as well.

Do you think this is true? Do you think that the election outcome will influence the price of bitcoin? I think that it might, especially since the outcome will also determine the acceptance of bitcoin and other crypto as well.

Looks like tha due to us election as both party representatives try to bet on btc. Let's see what happens. Who becomes the new president of United States.

 

[bitforex22]

I saw the news that american muslims and other religion people are strongly towards joe biden , but still this can go upto 30th november for we have the name of the next american president