First of all, hello everyone, I'm back after a few years.
So much has changed, glad that forum is still here.
To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?
Ps, non-english user here, will improve my grammar.
Everything is interconnected. However, in my opinion, there is no direct link between the US presidential election and the price of bitcoins.
The gradual loss by the US dollar of its status as the world reserve currency is the reason behind the rise in bitcoin.
There is no reason to be surprised. After all, the price of Bitcoin is denominated in US dollars. The reboot of the global financial system was announced publicly. Many countries have announced the development and implementation of CBDCs.
Hence, traditional fiat currencies have no future. Hence the increased interest of institutional investors in Bitcoin.