The rising number of institutional investors leads to Bitcoin getting hit harder during top events such as American elections. IIRC, 2016's elections have had an impact over Bitcoin and precious metals too, so has Brexit. It definitely does not decide or change its fate, but it does influence prices. The fact that Bitcoin always has the halving right before elections strengthens the influence even more imo.

Bitcoin has always been promising, Bitcoin stood proudly when the world economy collapsed in the Corona epidemic. When people around the world became unemployed after being trapped in Lock-Down, Bitcoin opened the door of investment for them. While the global epidemic has not been able to stem the growth of bitcoin, the US election is a trivial matter.

When bitcoin was crashed on March, people believed it was because of pandemic. When bitcoin rallied in V-shaped and rallied stronger than stocks, gold, people said because it was bitcoin. Pandemic is here, and it is worse than in March but bitcoin stays around $14000.

2 years ago, every news with SEC causes bitcoin crashes but months ago, SEC news did not create bitcoin falls.

US election, it is important for the world geographical-political conditions and financial markets but will it affect bitcoin? There will be people believe it and some other people don't believe it.

Wrong. American elections is everything to do with everybody whether you are American or not, or holding bitcoin or not.

It'll decide the world's destiny whether you like it or not.

Saying that the president of the worlds strongest country has no effect on anything is a bit dumb imo.

Not directly towards Bitcoin's price. But if I read the previous articles circulating online, Trump has plans of banning use of cryptos in U. S. and if that's the case and it happen that more countries did the same thing, there will be a negative aftermath of such action in the price of Bitcoin because many people would be prohibited to make use of the opportunity of it to be profitable. That would be another 'possibility' but not until it became a reality, we will surely be the first ones to know.And if the other one supports this technology, then changes will also be observed and let us hope that it would be a better situation.

No-one has said that.

edit:


Did you just claim the election will not influence Bitcoin, because the candidates are too old?

Thats now what they said here in the Cointelegraph article. Because Biden could be a catalyst. Bloomberg: Biden election would be good for Bitcoin, bad for DeFi  

Considering Trump had mock Bitcoin at some point so things could be different once Biden wins the race.  Whichever win though, Bitcoin is not going to die.

But despite that government does have an  influence over the price if bitcoins , the number of people that would be using it for the long term , since they can very easily ban bitcoins and which would not only decrease the market value but it would also make it harder for people to trade and even own.

Just how the Indian government banned bitcoins before and then lifted the ban , then again thinking of banning this , many governmental bodies are causing problems for the people. They usually cannot access their bank accounts if they are using bitcoins trading services and wallets.

Thus I do believe that government and the elections definitely have an influence over bitcoins , if the person who will win the elections is a pro Bitcoiner it would not only be beneficial for the people but as a whole help the crypto to grow.

So elections might help us.

They definitely cannot control the cryptocurrencies but they can limit the number of people using it.

Not in the short term, but lets see what happens, because sonner or later btc needs some regulation...