"The Great Election Speculation" That's what I've titled this article because that's what I think is happening with Bitcoin and the US elections.
It's clear that speculators are moving the crypto market these days and it's something that shouldn't surprise us after the appearance of spot ETFs this year.
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In the end, financial markets use any product, be it orange juice or gold, to speculate. Bitcoin is just the latest of those products chosen to make quick money.
In this case, it has been associated with the US elections, giving it something like if Trump wins it's good for Bitcoin and if Harris wins it's bad for Bitcoin.
It's quite obvious that this is not true and for Bitcoin the election is quite indifferent. Things in the markets rarely have to do with things in politics, especially in the long term. So an unsolicited piece of advice: don't suffer too much about the election and don't make decisions based on those results.
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