Everything that certainly affects the price of bitcoin, regardless if it's a big or small effect, will always be worthy of its hype. Most especially with this upcoming US election, bitcoin becomes a very important tool or device that will determine the winning or losing of a certain candidate.
Like for instance, if Trump wins, most likely because the bitcoin community serves a larger population for voters. And if Harris loses, maybe because she was not able to get the votes from the bitcoin community, and that made her gain a disadvantage from this said election.
This is the very first time Bitcoin has ever been influenced by a US aspirant, actually there was already some candidates that were supporting Bitcoin before Elon made took it personal but they weren't influencing the way he is doing it right now but I saw the signs before now. I Think Donald Trump has planned this quite a long time, he had some NFT created last year, he sold them for ethereum and there were reactions everywhere, I think that was when I knew he was planning something.
Once election is over, we will see who is going to move on very fast. If Donald wins, Bitcoin will make moves even without saying anything again and people will always speculate positively about Bitcoin, there wouldn't be any fear much like now that some people are expecting the beer market but if Trump doesn't win, Bitcoin will make some correction but will be free from the political thing, the attention will be shift back to decentralization.