As the U.S. presidential election approaches, voters will cast their final ballots in the next 48 hours. A unique focus of this election season is the cryptocurrency industry, with the two main candidates—Kamala Harris and Donald Trump—making the future of digital assets a significant campaign issue. As the election nears, market analysts and investors are closely monitoring Bitcoin and other cryptocurrencies, watching their reactions following the announcement of election results. This is because the performance of cryptocurrencies may determine whether the bullish momentum can continue into November and December. Interestingly, history shows that the price of Bitcoin has consistently served as a price floor during parabolic rallies on U.S. Election Day. The election results could play a crucial role in driving or hindering the anticipated bullish momentum expected to last until November and December. In particular, candidates have expressed their views on cryptocurrency regulation and the potential role of blockchain technology in the U.S. economy. This resurgence of political interest indicates that cryptocurrencies have firmly entered mainstream policy discussions, and depending on who wins the presidential election, regulatory changes may occur. However, history suggests that Bitcoin is likely to experience a surge post-election. Notably, Bitcoin's price has never been lower than its price on Election Day and has exhibited parabolic growth after every U.S. election. This positive Bitcoin price trend has been revealed through crypto media accounts on the social platform X. According to the Bitcoin price chart below, during the last three election dates, Bitcoin's price has served as a price floor before witnessing a parabolic rise. For instance, in the last election in 2020, Bitcoin's price was $13,569. After the election, Bitcoin experienced a rise in the following months, eventually breaking past $69,000 in 2021. It is worth noting that the $13,569 price point during the 2020 election even acted as support during the bear market in 2022, further underscoring the significance of Bitcoin's price on Election Day. If history repeats itself, Bitcoin's price movements on Election Day may lead to a parabolic rise in the remaining two months of 2024 and early 2025. Interestingly, it can be argued that Bitcoin's current state is more likely to experience a parabolic rise than during the previous three elections. As of the time of writing, Bitcoin is trading at $68,700. Recent price trends show that Bitcoin has broken through $73,000 in the past few days and has re-tested the historical high of $73,737 set in March 2024. Considering the performance on Election Day, we may see Bitcoin break this level before the end of November. A breakthrough of the historical high would open up space for Bitcoin's surge, potentially reaching prices as high as $300,000 before the next election cycle.

TRUMP

MAGA

With the U.S. presidential election approaching, voters will cast their final ballots in the next 48 hours. A unique focus of this election season is the cryptocurrency industry, with the two major candidates—Kamala Harris and Donald Trump—making the future of digital assets an important campaign issue. As the election nears, market analysts and investors are closely monitoring Bitcoin and other cryptocurrencies, observing their reactions following the announcement of election results. This is because the performance of cryptocurrencies may determine whether the bullish momentum can continue into November and December. Interestingly, history shows that Bitcoin's price on U.S. Election Day has consistently acted as a price bottom during parabolic rallies. Bitcoin's price on Election Day could lay the groundwork for a parabolic rally. The election results could play a crucial role in driving or hindering the expected bullish momentum that is likely to persist into November and December. Specifically, the candidates have articulated their views on cryptocurrency regulation and the potential role of blockchain technology in the U.S. economy. This resurgence of political interest indicates that cryptocurrencies have firmly entered mainstream policy discussions, and regulatory changes could emerge depending on who wins the presidential election. However, history suggests that Bitcoin is poised for a surge after the election. Notably, Bitcoin's price has never fallen below its price on Election Day and has exhibited parabolic rises following each U.S. election. This positive Bitcoin price trend has been revealed through cryptocurrency media accounts on the social platform X. According to the Bitcoin price chart below, during the past three election dates, Bitcoin's price has served as a price bottom before experiencing a parabolic rise. For instance, in the previous election in 2020, Bitcoin's price was $13,569. After the election, Bitcoin experienced a rise in the following months and eventually broke through the $69,000 high in 2021. Notably, the $13,569 price point during the 2020 election even served as a support level during the bear market in 2022, further highlighting the significance of Bitcoin's Election Day price. If history repeats itself, Bitcoin's price movement on Election Day could lead to a parabolic rise in the remaining two months of 2024 and early 2025. Interestingly, it can be argued that Bitcoin's current condition is more likely to experience a parabolic rise than during the past three elections. As of the time of writing, Bitcoin's trading price is $68,700. Recent price movements indicate that Bitcoin has recently broken through $73,000 and retested the historical high of $73,737 set in March 2024. Considering the price movement on Election Day, we may see Bitcoin surpass this level before the end of November. Breaking through the historical high would open up space for Bitcoin's rise, potentially reaching prices of up to $300,000 before the next election cycle.

Countdown to the U.S. Election: Bitcoin Price History Indicates a Rebound Post-Election