Donald Trump

Bitcoin

Joe Biden

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-thrives-regardless-of-us-presidential-leadership/" data-wpel-link="internal">Bitcoin Thrives Regardless of US Presidential Leadership</a> 
As the US presidential elections approach, discussions about their potential impact on Bitcoin’s (BTC) future intensify. Historical data suggests that Bitcoin’s performance is unlikely to be significantly affected by election outcomes. 
<h2 id="matrixport-bitcoin-flourishes-under-any-us-president">Matrixport: Bitcoin Flourishes Under Any US President</h2> 
According to a graph shared by Matrixport, Bitcoin has achieved significant gains during both Republican and Democratic administrations over the last two US presidential terms. The leading <a href="https://en.coin-turk.com/whales-sudden-crypto-sell-off-shakes-the-market/" data-wpel-link="internal">cryptocurrency</a> has surged regardless of which party holds the White House keys. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-388053" src="https://coin-turk.com/wp-content/uploads/2024/09/Bitcoin-Beyaz-Saray-ABD.jpeg" alt="" width="1600" height="900"> 
When comparing Bitcoin’s performance during the presidencies of Donald Trump (2016-2020) and Joe Biden (2020-2024), it shows strong upward trends in both periods. Under Trump, Bitcoin experienced substantial growth, and this trend continued under Biden. Its return reached 1421%, compared to 313% in the previous administration. 
The data indicates that Bitcoin maintains its strength in every term, revealing that its price is influenced more by broader market dynamics than by US political leadership. 
<h2 id="us-presidential-elections-may-impact-regulatory-policies">US Presidential Elections May Impact Regulatory Policies</h2> 
Although there is significant focus on who the next US President will be and how it might affect Bitcoin’s price, the impact is expected to be more significant on regulatory measures within the <a href="https://en.coin-turk.com/gate-hk-halts-operations-due-to-licensing-requirements/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/abd-unemployment-claims-data-released-minutes-ago-whats-the-latest/" data-wpel-link="internal">crypto</a> market rather than on Bitcoin itself. Regulatory policies have the potential to shape the environment for Bitcoin and other altcoins. Analysts believe that despite potential regulatory changes, Bitcoin will continue to rise due to its decentralized nature and the increasing global adoption of cryptocurrencies. 
While media attention centers on the elections and their potential outcomes, Bitcoin’s stable performance in various political environments indicates that investors should focus on the long term rather than the short term for the crypto king. 
At the time of writing, Bitcoin is trading at $56,591, down 1.21% in the last 24 hours. Meanwhile, data shows that the leading cryptocurrency has fallen by 0.28% over the past 7 days. 
The post <a href="https://en.coin-turk.com/bitcoin-thrives-regardless-of-us-presidential-leadership/" data-wpel-link="internal">Bitcoin Thrives Regardless of US Presidential Leadership</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Thrives Regardless of US Presidential Leadership

Table of Contents

COINTURK NEWS

Other articles published on Sep 11, 2024

Positive Sign for Solana Holders Is on the Chart as YouTuber Updates His SOL Price Prediction

Telegram CEO Pavel Durov Released on €5M Bail Amid Serious Charges

Expert Who Called Ethereum’s (ETH) Fall to $900 During the 2022 Crypto Winter Calls New Solana (S...

Paxos to Bring Regulated Tokenization Platform to Arbitrum

Ancient Bitcoin Wallet Sees Epic Awakening After 11 Years of Dormancy

Bitcoin ETFs are next major target for North Korean hackers — Cyvers

Join our free newsletter for daily crypto updates!